“We are in talks. Four bids were submitted. Two are tolling bids from Steel Mont and a company in Türkiye, which want to come with their raw material, fund processing and sell the finished product. It’s a temporary palliative solution. Two other bids are for buying assets, from local investors – Umbrarescu and a company from Ukraine,” Remus Borza, chairman of Euro Insol, the preventive composition administrator, along with Sierra Quadrant, told ZF.
Market sources say the Ukrainian bidder is Metinvest (a group of steel and mining companies) held by billionaire Rinat Akhmetov.
(English version by Loredana Fratila-Cristescu)