Dubai: Investors from the Gulf are expected to join the bidding for one of Europe’s largest steelmaking assets after a Romanian court approved the relaunch of the sale process for Liberty Galati, Southeast Europe’s biggest integrated steel plant, with a starting price of €463 million ($535 million).
The auction, scheduled for June 19, covers both the Liberty Galati steelworks and the Liberty Tubular Products Galati pipe mill. The court-approved asset sale plan sets a minimum price of €463,012,174, making it one of the region’s most significant industrial transactions in recent years.
Direct access
Located in eastern Romania, the Galati industrial platform spans 1,600 hectares and benefits from direct access to the Danube River and the Black Sea, giving it a strategic logistical advantage for regional and international trade. At full capacity, the facility can produce up to 3 million tonnes of steel annually and operates an integrated manufacturing chain, from raw material processing to finished steel products.
The plant supplies a broad range of industries, including construction, automotive, shipbuilding, energy and defence, sectors that continue to attract investment amid growing demand for secure and diversified supply chains.