# EU clears Trasteel's acquisition of Liberty Magona coated steel plant

European antitrust authorities approved Trasteel's acquisition of Liberty Magona's coated steel plant in Piombino, Italy. An agreement covers the transfer of all 371 employees to Trasteel Magona Srl effective October 1, 2026.

- Type: Acquisition
- Announced: 2026-09-30
- Where: Piombino, Italy
- Value: $1.85M (1.70M EUR)
- Jobs: 371
- Status: completed
- Capacity: 630,000 mt per year of galvanized and pre-painted flat steel
- Products: galvanized flat steel, pre-painted flat steel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Trasteel Holding S.A.](https://endata.com/companies/91359.md) (acquirer)
- [Liberty Magona](https://endata.com/companies/94423.md) (target)
- [BBC Alloys](https://endata.com/companies/94552.md) (target)
- [Metco](https://endata.com/companies/94553.md) (partner)

## Sources

- [steelorbis.com](https://www.steelorbis.com/steel-news/latest-news/eu-clears-trasteels-magona-acquisition-as-unions-agree-workforce-transfer-1481298.htm), 2026-10-02: "European antitrust authorities have approved Trasteel's acquisition of Liberty Magona's coated steel plant in Piombino, Italy."
- [gmk.center](https://gmk.center/en/news/trasteel-has-acquired-100-of-the-shares-in-the-italian-ferroalloy-producer-bbc-alloys/), 2026-10-12: "The financial close of the deal took place on 30 September 2026, with the transaction valued at approximately €1.7 million."
- [stocktitan.net](https://www.stocktitan.net/sec-filings/SZZL/8-k-sizzle-acquisition-corp-ii-reports-material-event-69e7b239c8e9.html), 2026-10-13: "Trasteel completed its acquisition of BBC Alloys' remaining 40% equity interest on September 30, 2026, bringing its ownership to 100%."
- [trasteel.com](https://www.trasteel.com/trasteel-group-announces-first-half-of-2026-results-exceed-plan-and-are-consistent-with-current-projections-for-fy-2026/), 2026-10-13: "On October 1st, 2026, Trasteel took over the operations at the La Magona plant in Piombino (Italy), an historical Italian steel plant of galvanized and pre-painted steel."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.