Celsa has agreed to sell 100pct of its subsidiaries in the UK and Nordics to Sev.en Global Investments, a Czech investment group focused on power generation and mining, the company announced in a press release.
The sale is part of Celsa’s ongoing efforts to reduce its debt, with the funds to be used for this purpose. This divestment follows an increase in capital and the launch of an efficiency plan aimed at restructuring Celsa’s operations, focusing on its Spanish businesses and lowering financial leverage.
The sale of overseas units, which began in February, is part of Celsa’s broader strategy to stabilize its financial situation. The company, taken over by creditors in November 2023 after a failed debt restructuring deal, now operates under a new ownership group.
