Jindal Steel, which acquired Liberty Ostrava in the Czech Republic last year, is among the companies that have expressed interest in acquiring the former Sidex steel mill in Galac.
The second auction ends without bids, despite the lower asking price
Development is underwayafter the second auction for the sale of Liberty Gala ended without receiving any bids,despite a significant reduction in the asking price. The combined starting price for Liberty Gala and Liberty Tubular Products was reduced to € 463 million from € 709 million, with Liberty Gala being offered for approximately €444 million and Liberty Tubular Products for approximately €18 million. Following the unsuccessful auction, the consortium of judicial administrators Euro Insol and CITR stated that discussions with strategic investors would continue.
According to the administrators, the sale process included an extensive international advertising campaign and discussions with several potential investors from the steel industry. "We will continue our dialogue with investors who have expressed interest in the steel plant and are working with creditors to determine the best framework for achieving
