Liberty considers recapitalization or sale of assets in Western Europe

Liberty Steel is considering recapitalizing or selling its main European rolling lines. This is stated in the company’s message.

Liberty is initiating a strategic review of processing plants in the Benelux and Italy that supply cold-rolled steel and specially coated steel. It will be conducted by Jefferies LLC, a specialized international investment company.

The review will evaluate Liberty’s assets in Liege (Belgium), Dudelange (Luxembourg) and Piombino (Italy). The main goal is to consider options for strategic partnership by entering into long-term contracts for the supply of raw materials (hot-rolled coils). In addition, joint investment and asset sale options will be explored.

Liberty confirms that it welcomes interest from international companies and is ready to consider all options.

The combined capacity of Liberty’s facilities is more than 2.5 million tons of rolled steel per year, making them the largest independent processing complex in the industrial center of Europe.

«The assets represent unique opportunities in some of Europe’s most important markets and are well-positioned to benefit from key developments in the region, such as the new Carbon Border Adjustment Mechanism (CBAM) and the transition towards green steel,» Liberty said in a statement.

In March of this year, Liberty Steel announced a strategic plan for its UK steel assets after signing a new framework agreement with its major creditors.

The agreement was signed after the company made significant progress in raising new capital. This includes a $350 million bond issue by InfraBuild’s Australian subsidiary through Jefferies and a $350 million asset-based term loan through BlackRock and Silver Point Finance. Following the final settlement, Liberty plans to consolidate its UK steel business under a new legal entity and corporate structure.