Grupo Celsa has reached an agreement with Sev.en Global Investments (“Sev.en GI”) for the sale of 100% of its subsidiaries in the United Kingdom and in the Nordics.
Barcelona, November 21, 2024
Sev.en Global Investments is a Czech-based investment group that invests in a variety of sectors, with a focus on power generation and mining of natural resources. The company operates on a global scale, with investments in Europe, Australia, North America, and Asia. Sev.en GI is known for its long-term vision and expertise in building strong businesses that thrive in a constantly evolving market. The company is committed to creating value for both its stakeholders and the communities in which it operates.
Grupo Celsa will devote all the funds received after the divestment to the reduction of Grupo Celsa’s indebtedness in accordance with the legally assumed commitments.
Through this important divestment, which is added to the recent increase in share capital and the launch of an ambitious efficiency plan, Grupo Celsa continues with the implementation of its plan to reorganize its industrial and financial situation, focusing on its operations in Spain and on the reduction of financial leverage.
Citigroup acted as exclusive financial advisor and Linklaters acted as legal advisor to Grupo Celsa.
About Celsa Group
Celsa Group is Europe’s first low-emission circular steel producer with the largest circular supply chain in Europe. It recycles ferrous scrap to produce steel in electric arc furnaces, using the most sustainable and energy-efficient technology.
The company is made up of several business groups and has 120 work centres, 7 steel mills, 12 rolling mills and 48 recycling plants (circular hubs), as well as processing and distribution companies, which generate direct, indirect and induced employment for more than 70,000 professionals in Europe. It is present in Spain, France, the United Kingdom, Denmark, Finland, Norway, Poland, Sweden and Ireland.
The group works to solve the planet’s greatest systemic risks: resource depletion and the fight against climate change. To this end, it has set itself the objectives of reducing its CO2 emissions by 50% and reaching 98% circularity by 2030 and completing its circularity and becoming a Net Positive company by 2050.
For more information:
Nuria Jimenez
Tel. +34 693 33 80 47
njimenez@kreab.com
