Liberty Galati is considering acquiring Phoenix Slag Services, a loss-making creditor to the Romanian steel plant. The potential takeover would consolidate debt obligations & secure control over slag processing operations critical to steelmaking. The transaction occurs despite Liberty Galati's ongoing financial difficulties including liquidity challenges, irregular production, & mounting debts since its 2021 acquisition by the GFG Alliance. The acquisition represents financial engineering that eliminates external debt through corporate restructuring rather than addressing underlying operational profitability challenges.