en.Wedoany.com Reported - A Romanian court has approved the resumption of the sale process for the Liberty Galati metallurgical complex, the largest integrated steel enterprise in Southeast Europe. The auction is scheduled for June 19, with a starting price of €463.01 million (approximately $535 million), paving the way for investors from Gulf Cooperation Council (GCC) countries to potentially bid for one of Europe's largest metallurgical assets. The transaction scale makes it one of the region's biggest industrial deals in recent years.

The auction includes the Liberty Galati metallurgical complex and the Liberty Tubular Products Galati steel pipe plant. Located in eastern Romania, the industrial site covers approximately 1,600 hectares and offers direct access to the Danube River and the Black Sea, providing significant logistical advantages for regional and international supply. At full capacity, the complex can produce up to 3 million tons of steel annually, with a complete production chain from raw material processing to finished metal products.

The plant's products supply the construction, automotive, shipbuilding, energy, and defense industries, sectors that continue to attract investment amid growing global demand for reliable and diversified supply chains. Market participants believe the auction will generate significant international interest, particularly from investors looking to acquire existing industrial assets within the European Union. Potential bidders include Gulf state investors, who increasingly view such investments as a way to secure strategic production capacity while achieving financial returns.

Paul Dieter Cîrlănaru, CEO of CITR, the company overseeing the restructuring and bankruptcy management process, stated that investors from GCC countries are more strategic in evaluating industrial assets, focusing beyond financial returns on whether the asset provides control over production capacity and supply chain resilience. He noted that Liberty Galati falls into this category of assets and expects this trend to be reflected during the auction process.

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