All the suspensive conditions agreed upon by the two sides have been met and the sale price stands at EUR12.5 million plus VAT.
Romania competition watchdog had greenlighted the deal, concluding it does not pose problems for Romanian market competition.
The ArcelorMittal Hunedoara S.A. assets targeted by the transaction mainly consist of production equipment and installations, materials and inventories, as well as the land and buildings of the factory in Hunedoara County, along with certain real estate assets located outside the factory.
ArcelorMittal Hunedoara S.A. ceased operations in September 2025.
The deal comes after Umbrarescu had already acquired the assets of Otelu Rosu steel plant and UMB Steel is reportedly also interested in taking over Liberty Galati plant.
(English version by Catalina Apostoiu)