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Luxembourg offers EUR 14.5 million for Liberty Steel’s Dudelange plant

The Luxembourg government has made a EUR 14.5 million offer to nationalise Liberty Steel’s plant in Dudelange. The government announced its intention to acquire the site in July, but disclosed the price for the first time this week.

Luxembourg offers EUR 14.5 million for Liberty Steel’s Dudelange plant

The Luxembourg government has submitted a EUR 14.5 million offer to nationalise Liberty Steel’s former steel plant in Dudelange. While the government announced its intention to acquire the site in July, it disclosed the potential price tag to the public for the first time this week.

In a response to a parliamentary question, Economy Minister Lex Delles, Defence Minister Yuriko Backes and Labour Minister Marc Spautz stressed that the offer is subject to specific conditions. These include the safeguarding of the properties, on-demand access to all technical documentation related to the buildings and facilities, and the full settlement of priority claims. Such claims include outstanding wage-related liabilities owed to the state, as well as amounts to be reimbursed to ADEM.

The ministers also outlined plans for the future use of the Dudelange site. One part of the former steelworks is expected to be allocated to defence-related economic activities, including the possible establishment of a Defence Campus. The second area is planned to be redeveloped into workshops for artisans.

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