Grupo Celsa has finalized an agreement to sell its subsidiaries in the United Kingdom and Nordic countries to Sev.en Global Investments, a Czech-based investment group. This transaction includes recycled-content electric arc furnace mills and other production facilities in the UK and Norway, as well as downstream facilities in Denmark, Finland, and Sweden.
The sale is part of Celsa’s strategy to reduce its debt and reorganize its industrial and financial operations, focusing on its core activities in Spain. Sev.en Global Investments, known for its focus on power generation and natural resource mining, will now expand its footprint in the steel industry through this acquisition.
