Spain-based long steel producer Celsa Group has announced that it has begun the process of incorporating a Spanish investor with an industrial focus, who will acquire a 20 percent stake in the company.
The process began with the launch of an operational efficiency plan, financed by a capital increase, and the divestment of certain assets located outside Spain.
With the aim to focus on its operations in Spain, Celsa had signed an agreement with the Czech Republic-based investment group Sev.en Global Investments for the sale of its UK- and Scandinavia-headquartered subsidiaries Celsa Steel UK and Celsa Nordic as SteelOrbis previously reported.
