A court in Liège has postponed its bankruptcy ruling regarding Belgium-based Liberty Liège until June 26, according to local media reports.
Last month, the court rejected bids from Luxembourg-based ArcelorMittal, Italy-based Marcegaglia and Romania-based Liberty Steel Galati to acquire the company’s Flémalle and Tilleur plants, though bankruptcy was not declared, as SteelOrbis previously reported.
On the other hand, the Wallonia regional government in Belgium may grant a €20 million loan to Liberty Steel Galati to save the plants from bankruptcy.