Post by Stegra

Today is a very good day - Stegra is announcing a €1.4 billion financing round! We have agreed in principle, on €1.4 billion in new capital from both new and existing investors for our large-scale green steel plant in Boden, Sweden. The support from investors and lenders, pending final documentation, provides the funding we need to complete construction and commissioning of our plant, and it is a strong vote of confidence in our business model. The financing is led by Wallenberg Investment, which has formed a consortium that, through this transaction, will take a leading ownership position in the company. Wallenberg Investments brings not only financial strength but also substantial industrial expertise. Their involvement further strengthens Stegra’s Swedish anchoring. Read the full press release via the link in the comments ↓