RTL reported that negotiations over the former Liberty Steel site in Dudelange in Belgium have reached a stalemate, as the government and the site's shareholders have failed to reach an agreement. Belgium’s Minister of the Economy Mr Franz Fayot told a parliamentary commission that the government had failed to conclude negotiations with the GFG group over the future of the Dudelange site. Mr Fayot told “The government was ready to facilitate a deal via the SNCI bank, which planned to buy assets and resell them to a future buyer, however shareholders failed to agree on a price with the state.” Mr Fayot said “The government had made an adequate proposal to the GFG group, which was refused. A number of other investors have expressed interest in the site, with negotiations underway and in some cases, at an advanced stage. As it stands, the government is awaiting a counter proposal from the site's main shareholders.” Mr Fayot added that he is in close contact with the trade unions and could count on their support through the negotiations. Liberty Steel site in Dudelange has not been operational for months, which has led to depreciation in value of the site.
RTL reported that negotiations over the former Liberty Steel site in Dudelange in Belgium have reached a stalemate, as the government and the site's shareholders have failed to reach an agreement. Belgium’s Minister of the Economy Mr Franz Fayot told a parliamentary commission that the government had failed to conclude negotiations with the GFG group over the future of the Dudelange site. Mr Fayot told “The government was ready to facilitate a deal via the SNCI bank, which planned to buy assets and resell them to a future buyer, however shareholders failed to agree on a price with the state.” Mr Fayot said “The government had made an adequate proposal to the GFG group, which was refused. A number of other investors have expressed interest in the site, with negotiations underway and in some cases, at an advanced stage. As it stands, the government is awaiting a counter proposal from the site's main shareholders.” Mr Fayot added that he is in close contact with the trade unions and could count on their support through the negotiations. Liberty Steel site in Dudelange has not been operational for months, which has led to depreciation in value of the site.
