Liberty Galati steel plant and tube mill return to market at EUR 463 million, GCC investors expected among bidders.
Auction Relaunched for Liberty Galati Steel and Tube Assets
June 15th, 2026, Dubai: An amended asset sale plan for Liberty Galati has been approved by the Galati court, relaunching the auction process for Romania’s only integrated steel producer and Southeast Europe’s largest such asset. The auction, set for June 19, covers both the steel plant owned by Liberty Galati and the pipe mill owned by Liberty Tubular Products Galati, with a court-approved floor price of €463,012,174 (approximately $535 million).
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Strategic Industrial Asset Positioned for Global Interest
The Galati platform spans 1,600 hectares and has port access to both the Danube River and the Black Sea. The plant has an annual production capacity of 3 million tonnes of steel, fully integrated from the processing of raw materials to the finished product. Its customers base spans construction, automotive, naval, energy, and defence sectors.
GCC Investors Eye Supply Chain and EU Market Advantages
The sale will be conducted in full compliance with the company’s restructuring plans, and assets cannot be sold below the established floor price.
“GCC investors are becoming far more strategic in how they look at industrial assets,” said Paul Dieter Cîrlănaru, CEO of CITR. “Financial return remains important, of course, but over the last few months, investors are specifically examining whether an asset gives them control over capacity and resilience in supply chains. Liberty Galati is exactly that kind of asset and we expect this auction to reflect that.”
International interest in the asset is expected, with GCC investors among those likely to examine it closely. The European Union’s tightened steel market protections have made EU-based production considerably more competitive – import quotas have been cut, duties above those thresholds are set at 50%, and traceability requirements on foreign steel are tightening. A producer operating inside the bloc holds a structural advantage that cannot be replicated from outside it.
“Infrastructure timelines are never predictable, and investors know what it takes to build procurement relationships at this level. Which is exactly why a platform that already has them commands a different kind of attention,” said Paul Dieter Cîrlănaru, CEO, CITR.
The alternative – building comparable capacity from scratch – involves land acquisition, regulatory timelines, and years of production ramp-up before a plant reaches meaningful output. Liberty Galati’s existing supply chain position and operational infrastructure compress that timeline considerably.
Sale Process
The asset sale process is being conducted by the practitioner’s consortium CITR-Euro Insol in strict compliance with the provisions approved by the court.
Interested parties are invited to contact the composition administrators at [email protected] or [email protected] for documentation and further details.
About CITR
CITR is the leader of the insolvency and restructuring market in Romania since 2008. CITR was founded with the aim of providing restructuring solutions to companies outside the legal proceedings, through customized solutions, designed based on the specific needs of each individual business. As part of CITR’s work, the team provides turnaround consultancy for companies in difficulty, non-performing debt management, solutions for attracting capital, strategies for growing and developing non-performing businesses and consulting for operational and financial restructuring and judicial reorganization.
About Euro Insol
Euro Insol is one of Romania’s leading insolvency and restructuring firms and, together with CITR, the market leader in restructuring and insolvency services. It forms the consortium of concordat administrators overseeing the preventive restructuring proceedings of Liberty Galați.
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