CriteriaCaixa, the investment holding company, has reached a preliminary agreement to acquire a 20pct stake in Celsa Group, Europe’s leading producer of low-emission circular steel, through a capital increase.
Celsa’s board has approved continued negotiations, with the deal expected to close in the coming weeks. The investment will support Celsa’s financial restructuring and industrial growth strategy.
In line with commitments to the Spanish government, Celsa sought a Spanish industrial-focused shareholder. Of five proposals, CriteriaCaixa’s offer was selected for its strategic alignment, strong financial terms, and industry expertise. Existing shareholders are also expected to participate in the capital increase.
Celsa operates 120 sites, including seven steel mills, 12 rolling mills, and 48 recycling plants, with an industrial presence across Spain, France, the UK, and several Nordic and European countries.