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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).
GFG Alliance, through its Liberty Group, submitted a formal bid to acquire AR Industries, the only French manufacturer of aluminium wheels, in Châteauroux. The bid includes a three-year recovery plan with investment in equipment and quality improvements, aiming to save nearly 400 jobs.