# Liberty to buy ArcelorMittal Galati and three other European steel plants

Liberty, part of GFG Alliance, has made a binding offer to acquire ArcelorMittal's integrated steelworks at Galati (Romania) and Ostrava (Czech Republic), plus rolling mills in Skopje (Macedonia) and Piombino (Italy).

- Type: Acquisition
- Announced: 2018-10-12
- Where: Galati, Romania; Ostrava, Czech Republic; Skopje, Macedonia; Piombino, Italy, Romania
- Jobs: 12,500
- Status: announced
- Capacity: 8 million tonnes per year rolling capacity
- Products: steel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [ArcelorMittal](https://endata.com/companies/292.md) (target)
- [GFG Alliance](https://endata.com/companies/19734.md) (partner)
- [Liberty Group](https://endata.com/companies/31599.md) (acquirer)

## Sources

- [romania-insider.com](https://www.romania-insider.com/british-indian-investor-will-buy-biggest-steel-plant-in-romania-from-compatriot-lakshmi-mittal), 2018-10-12: "British-owned metal producer Liberty, part of the GFG Alliance group of companies owned by British-Indian investor Sanjeev Gupta, has reached an agreement to buy four steel plants in Europe put up for sale by ArcelorMittal group."
- [miningmetalnews.com](https://www.miningmetalnews.com/20190803/1002/liberty-buys-romanias-largest-steelworks-mittal), 2018-10-30: "It is a transaction that would increase Liberty's total production capacity by just over 15 million tonnes per year."

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