Liberty Galați Sale: Creditors Have Approved the Restructuring Plan - the Combination and the Tubular Section Will Be Sold Through Direct Negotiation, with a Start Price of 200 Million. €
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The steel combination Liberty Galați, the former Sidex, came to be sold at a start price of 200 million euros, after in 2021 it had reported a profit of approximately 272 million euros. In a few years, the company accumulated debts of hundreds of millions euros.
They are rushing to sell Liberty's Romanian plants again, the price is brutally depressed, someone just take it - this won't help Dunaújváros either
Liberty Galați SA and Liberty Tubular Products Galaţi SA have approved the new restructuring plan, which foresees [...]
Once a pillar of the national economy, SIDEX's former Siderurgic Liberty Galați, now sells at the price of 200 million euros.
The creditors have approved the plan of sale by direct negotiation of Liberty Galați and the Tubular section, with a starting price of 200 million euros without VAT, according to the managing directors of the combination, CITR and Euro Insol. We remember that after two failed international auctions, with a starting price of 709, and 463 million [...] Article Sale Liberty Galați: The creditors have approved the restructuring plan – the combinatio…
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