The Sale Process of Siderurgic Galati Has Failed Again - HotNews.ro
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5 Articles
The auction organised on Friday for the sale of the Siderurgic Liberty Galați and the Tubular section ended without the nomination of a winner, due to the lack of registration, according to a communication of the consortium of concordatari Euro Insol and CITR. It is the second failed tender. The procedure, managed by the consortium of concordatari Euro Insol and CITR, had a ...
The second tender for the sale of the Siderurgic Liberty Galați Complex was concluded without any offer, although the starting price was reduced from 709 to 463 million euros. Administrators who manage the restructuring of the complex maintain, however, that the interest remains high and that the negotiations continue to find a strategic investor. According to unofficial information, among [...]
The combination of Liberty Galați steelmaking, the largest of this type in Romania, remains without a buyer and after the auction organised on Friday, although the significantly reduced start price, from 709 million euros in March, to 463 million euros, did not attract any concrete offer, according to News.ro press agency. "Unfortunately, it did not constitute the guarantee, it had to be deposited 48 hours before," said Paul Dieter Cîrlanaru, CE…
The second international auction for the Liberty Steel Galați steel plant also ended without any officially submitted bids after none of the interested investors submitted the guarantee required by the sale process, according to a press release from the consortium of concordat administrators Euro Insol and CITR and CursDeGuvernare.ro sources. The administrators were aiming for a price of 464 million […] The article The auction for the former Sid…
The Siderurgic Liberty Galați combination has not been sold in the recent tender, although five investors have previously entered the process and purchased the specifications, indicating interest in the asset.
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