According to Remus Borza, the chairman of Euro Insol, the preventive composition administrator, together with CITR, there are three interested investors: Umbrarescu, Metinvest and Jindal.
He estimates the creditors’ meeting can be convened on August 8-9, followed by direct negotiations in September.
Romania’s tax authority (ANAF) is seeking to recover approximately EUR150 million, while state-owned bank EximBank has exposure of around EUR300 million to EUR450 million to Liberty Galati.
(English version by Catalina Apostoiu)