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Press releases

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CELSA GROUP – press release

CELSA GROUP – press release

Barcelona, November 21, 2024

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.
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.

Best Regards,
Utku Öner, CEO CELSA NORDIC

 

For any inquiries, please contact Head of Sustainability & Strategy
Susanne M. Nævermo-Sand
Mob. +47 47639884
E-mail. susanne.naevermosand@celsanordic.com

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