Liberty Galati’s actions aim to protect the company.
Romania’s main steel producer, Liberty Galati has 4,500 employees, a liquid steel production capacity of 3 million tons per annum and a turnover that can reach RON7 billion per annum.
The company produces high value steel that is vital for Romania and Europe infrastructure development. Also, Liberty Galati is strategically positioned to aid Ukraine reconstruction efforts.
The agreement with creditors will be implemented with the aid of specialists appointed by Liberty, EuroInsol and Sierra Quadrant.
(English version by Catalina Apostoiu)