The auction will take place on June 19, 2026, and the sale process reportedly includes the Galati steel mill and Liberty Tubular Products Galati, whose assets are estimated at approximately 463 million euros.
The court approves the resumption of the sale procedure
Romanian reports say that the court overseeing the insolvency proceedings has approved the continuation of the auction process, which allows the sale procedure to continue.
The planned auction is part of a broader effort to stabilize operations and address the financial difficulties the company is facing.
The re-launch of the auction confirms Liberty Galati's position as a strategic industrial asset and an attractive investment opportunity. The new stage of the process follows an updated market valuation and a revised definition of the package of assets included in the sale.
According to the latest restructuring plan submitted to the Galatian Court, Liberty Galati can now be sold through a new auction starting at at least 444 million euros, which is almost half the level of the previous sale attempt made in March, when the company was reportedly offered for about 709 million euros, sinceEarlier it was reported about SteelOrbis.
