The Government Extends the Payment of Liberty Galați Employees by 6 Months, While Negotiations Will Take Place with Interested Investors
18 Articles
18 Articles
Liberty Galați SA and Liberty Tubular Products Galați SA have approved a new restructuring plan that provides for the sale of the steel and the Tubular section. The two assets will be sold by direct negotiation, with a start-up price of 200 million euros, without VAT.
The creditors approved the plan of sale by direct negotiation of Liberty Galati and the Tubular section, with a starting price of 200 million euros without VAT. Five large investors expressed their interest in Liberty Galati, three of them already analyzing the prospect of investing in the combination, announces Friday the Executive, after the meeting of the Interministerial Committee for the Protection of State Interests at Liberty Galati SA an…
The government led by Luca Niculescu is looking for solutions to avoid bankruptcy of the Siderurgic Liberty Galați Complex, under the conditions that the deadline for approval of the restructuring plan is 9 November. Article Luca Niculescu, measures to save Liberty Galați from bankruptcy. The announcement made by the prime minister appears first time in Romania TV.
Romania's Prime Minister, Luca Niculescu, convened, on Friday, the Interministerial Committee for the Protection of State Interests at Liberty Galați and Liberty Tubular Products Galaţi, after, on November 1, the combined employees were put into technical unemployment.
The Prime Minister Luca Niculescu called on the Victoria Palace on Friday, the Interministerial Committee for the Protection of State Interests at Liberty Galați SA and Liberty Tubular Products Galați SA., to identify the solutions needed to save jobs and production capacities, according to a press release. To protect the jobs of the 2,400 active employees, the Ministry of Labour will extend their payment period from the National Agency for Empl…
Liberty Galați, the former Sidex, has a new restructuring plan, which provides for the sale of the Combined Steel Galați and the Tubular Section through a direct negotiation procedure. The starting price is 200 million euros, without VAT, for both assets.
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