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Galati’s Glimmer & Steel’s Strategic Suitors

Liberty Galati will be sold through direct negotiations after two failed auctions, price slashed from €700 million to €444 million. Three investors—Umbrărescu, Metinvest, & Jindal—express interest. A creditors meeting convenes 8-9 August, negotiations starting September. Tolling agreements Glencore & Kayseri Metal Center enable gradual restart, with 500,000 metric tons of slabs potentially bringing 450 employees back to work.

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