Celsa Group began the process of incorporating a Spanish investor with an industrial focus, who will acquire a 20% stake in the company
Barcelona, 29th November 2024
Once the Operational Efficiency Plan, developed in collaboration with the consulting firm Bain, was initiated, with the necessary investments for its implementation financed through a capital increase (already approved by the General Shareholders’ Meeting), and once the divestment of certain assets located outside Spain had been carried out, the Celsa Group began the process of incorporating a Spanish investor with an industrial focus, who will acquire a 20% stake in the company.
This initiative aligns with the commitments made by the current shareholders to the Government and is supported by Grant Thornton as a financial advisor to determine the fair market value of the operation, and Citigroup as an advisor for the private placement.
About Celsa
Celsa is Europe’s leading low-emission circular steel producer, boasting the largest circular supply chain in the region. The company recycles ferrous scrap to produce steel in electric arc furnaces, the most sustainable and energy-efficient steelmaking technology available.
Celsa operates several facilities, including steel mills, rolling mills, recycling plants (circular hubs), as well as transformation, distribution, and service companies. It has an industrial presence in Spain, France, and Poland.
The group is committed to addressing some of the planet’s most pressing systemic challenges, such as the depletion of natural resources and combating climate change. To achieve this, Celsa has set ambitious goals: reducing CO2 emissions by 50% and achieving 98% circularity by 2030, with the aim of becoming a fully circular and Net Positive company by 2050.
For more information:
Nuria Jimenez
Tel. +34 693 33 80 47
njimenez@kreab.com
