The increase in share capital by 291,972,974 new shares, with a nominal value of RON2.5 per share, took place in the context of accessing a loan granted by EXIM Banca Romanească. Liberty Galati shareholders, Liberty Holdco Galati & Skopje Limited, headquartered in the UK, own 99.77% of total shares, holding 1,271,252.455 nominative shares, worth RON3.2 billion.
According to the European Steel Association (EUROFER) (source – Economic and steel market outlook 2025-2026, first quarter), the negative trend on the steel market started in the second half of 2022 and continued in 2024, amid disruptions caused by the war in Ukraine, unprecedented increases in energy prices and production costs. The aftermath of the war in Ukraine and the energy shock triggered a severe recession on the European steel market.
Steel consumption is expected to rebound in 2025, as per the cited source, but at a slower pace than previously estimated (+2.2% instead of +3.8%), against the backdrop of positive industrial outlooks and the mitigation of global tensions, which are unpredictable at present.
Liberty Galati has entered into an arrangement with creditors in 2025.