The Galati Court approved the amended plan to sell the assets of Romanian steel group Liberty Galati (under pre-insolvency procedures), thus paving the way for the resumption of the auction for one of the most important industrial assets in Romania, the consortium of practitioners Euro Insol – CITR announced on Monday, May 18. The auction will take place on June 19, 2026, and targets both the steel plant belonging to Liberty Galati and the pipe factory belonging to Liberty Tubular Products Galati.  The starting price is EUR 444 million (for Liberty Galati) and EUR 18.986 million (for Liberty Tubular Products Galati). The new stage of the procedure comes after the technical update of the market value and the redefinition of the perimeter of the assets included in the sale process.

Romanian troubled steelmaker Liberty Galati at second sale attempt, at reduced price The consortium of concordat administrators of the Liberty Galați Steel Plant (formerly Sidex), Euro Insol and CITR, resumed the auction for the sale of the troubled company under pre-insolvency procedures for EUR 444 million – down from EUR 709 million in the first, failed, attempt, according to Profit.ro . Liberty Galați, formerly Sidex, remains a cornerstone of Romania’s industrial base. The government had already designated  Liberty Galați steelworks, alongside Mangalia shipyard and Romaero aircraft services provider, as assets of strategic interest at the end of March, signalling its intention to intervene.