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The Luxembourg government has disclosed that it has submitted an offer of €14.5 million to the liquidators to acquire the Dudelange steel plant, a facility currently owned by Liberty Steel, with the aim of nationalizing the asset.
According to the Luxembourg Times, Minister of the Economy Lex Delles, Minister of Defence Yuriko Bakkes, and Minister of Labour Marc Spautz stated in response to parliamentary inquiries that the offer is subject to several conditions. 23G045 Grain oriented electrical steel, These conditions include maintaining the relevant assets in good condition prior to the signing of the ownership transfer agreement, and ensuring that all documentation related to the plant and its infrastructure is made available upon the government's first request.
Furthermore, the transaction stipulates that priority creditors must receive full settlement—specifically, the clearance of claims related to employee wages and payments due to the National Employment Agency (ADEM).
According to the government's plan, one site within the former metallurgical complex is to be allocated for "economic activities related to the defense sector"—including the establishment of a defense industry park—while another site is designated for artisanal trades and related economic activities.
According to reports, these two sites will eventually be leased out to tenant companies. The government will be responsible for establishing technical and administrative property management services, while the Ministry of Defense and the Ministry of the Economy will jointly oversee the defense park project and provide support to the tenant enterprises.
The ministers also clarified that former Liberty Steel employees will not be granted priority in the recruitment process for these new positions; however, the approximately 140 employees currently still on the payroll will be eligible to receive employment support services from ADEM to assist them in finding re-employment. 23G045 Grain oriented electrical steel, A specific timeline for the site's redevelopment has not yet been finalized, but the government has pledged to maintain a high level of transparency throughout the entire process.
In 2019, Liberty Steel acquired several European steel assets—including the Dudelange plant—from ArcelorMittal; however, in recent years, most of these assets have faced difficulties ranging from insolvency to production stoppages. 23G045 Grain oriented electrical steel, In December 2024, the company was officially declared bankrupt and entered into asset liquidation proceedings. This past July, the Luxembourg government formally expressed its intention to acquire the plant.
