Liberty Galati - Latest news GMK Center

Investment strategies in the region are shifting towards securing strategic production capacity

The steel and pipe assets are being offered at a reduced starting price of €463 million

Liberty Galați owes Liberty Ostrava more than €40 million

The asset's initial value may be reduced from €709 million to €444 million

The Romanian government has made the wage guarantee fund available to stabilize the operations of a strategic asset

No bids were submitted at the auction on March 12

The auction for the sale of the steel plant is scheduled for March 12

The procedure has been extended until March 2026 without any progress being made

According to the prosecutor's office, the losses could amount to approximately $300 million

Such a sale is considered the fastest way to liquidate a company and settle its obligations

Dorinel Umbrerescu's company wants to urgently buy out the plant, paying off debts only to the state

A consortium led by a trader has submitted a plan to restart and potentially acquire the plant