PRESS RELEASE

Liberty Galați Returns to Investors’ Radar: Auction Relaunched at a Starting Value of EUR 463 Million

Bucharest, May 18, 2026 – The Galați Court has approved the amended asset sale plan for Liberty Galați, paving the way for the relaunch of the auction process for one of Romania’s most important industrial assets.

Galati Steel Plant, the only integrated steel producer in Romania - an asset of strategic importance - is located on a 1,600-hectare industrial platform in Galați with direct access to Danube River and Black Sea port infrastructure, the plant serves as Eastern Europe's primary steel production hub.

It supplies critical sectors including construction, infrastructure, automotive, shipbuilding, energy, and defense through a fully integrated production chain comprising the following key facilities, with an annual capacity of up to 3 million tons of steel:

• Sinter Plant, Blast Furnaces, Steel Melt Shop
• Heavy Plate Mills
• Hot and Cold Rolling Mills (with galvanizing and painting lines)
• Coke Chemical Plant, Slag Disposal Area, Land & Buildings
• Pipe Manufacturing Facility

 Details about the public tender:

The auction is scheduled for June 19, 2026 and includes both the steel plant owned by Liberty Galați and the pipe mill owned by Liberty Tubular Products Galați.

The starting price has been set at EUR 463,012,174   

The relaunch of the auction reaffirms Liberty Galați’s position as a strategic industrial asset with strong appeal for investors. This new stage of the process follows a technical update of the market valuation and a redefinition of the asset perimeter included in the sale procedure.

The asset sale process is being conducted in full transparency and in strict compliance with the provisions approved by the court. The assets of Liberty Galați and Liberty Tubular Products cannot be sold below the starting price established under the restructuring plans.

Interested parties are invited to contact the composition administrators for further details and to purchase documentation via email at office@euroinsol.eu or office@citr.ro.