The Liège Company Court has appointed a provisional administrator and a legal representative for Liberty Steel, a move that should speed up the sale of its two Liege plants, L’Echo newspaper reported on its website on Thursday evening.
Lawyer Pierre Cornil has been appointed provisional administrator, in charge of the day-to-day management of the business, while lawyer Nicholas Ouchinsky has been appointed legal representative and will be responsible for the sale.
The court’s decision stands to accelerate the sale of Liberty Steel’s two sites in Liège – the galvanisation unit in Tilleur and the tinplate packaging unit in Flémalle. Both were taken over in 2018 by the steel subsidiary of the British group GFG Alliance, L’Echo reports.
The two plants employ 650 people.
In early November, the courts had requested – and obtained – the placing of the two factories in a judicial reorganisation procedure