Stegra completes financing round, with consortium led by Wallenberg Investments becoming majority owner
Stegra has completed its previously announced EUR 1.4 billion financing round, enabling the completion of construction and commissioning of the company’s large-scale green steel plant in Boden, Sweden. All conditions, including regulatory approvals, have now been fulfilled and the transaction has been completed. Wallenberg Investments has formed a consortium with Temasek, IMAS, Bolero and the SEB Foundation, which, through the transaction, together assume a leading position as majority owners of Stegra. As a result of the transaction, Stegra is owned through two holding companies: