Celsa Group, one of Europe’s most innovative and sustainable steel producers, has reached a significant milestone in its financial restructuring efforts with the sale of 100% of its subsidiaries in the United Kingdom and the Nordic countries to Sev.en Global Investments (Sev.en GI). Sev.en GI, a Czech-based investment group with a diverse portfolio spanning sectors such as power generation and mining, is known for its long-term approach to business. The sale represents a strategic move for Celsa Group, which intends to use the funds generated to reduce its financial debt and improve its operational focus on its core markets in Spain.
This divestment is an important step in Celsa Group’s ongoing efforts to reorganize both its industrial and financial operations. The company is under a major restructuring plan that aims to reduce its overall debt levels and improve efficiency across its operations. In addition to the sale of these subsidiaries, Celsa has recently undertaken a substantial increase in share capital and launched an ambitious efficiency plan designed to streamline operations and reduce costs. With these moves, Celsa is positioning itself for future growth, focusing on sustainability and the reduction of financial leverage.
Grupo Celsa is Europe’s first low-emission circular steel producer, a company deeply committed to tackling some of the world’s most pressing environmental challenges, including resource depletion and climate change. The company operates one of the largest circular supply chains in Europe, recycling ferrous scrap to produce steel in electric arc furnaces. This process is highly energy-efficient and much more sustainable than traditional steel production methods. Celsa’s focus on sustainability extends to its ambitious goals of reducing its CO₂ emissions by 50% by 2030, reaching 98% circularity in its operations by the same year, and ultimately becoming a Net Positive company by 2050.
With operations in Spain, France, the United Kingdom, Denmark, Finland, Norway, Poland, Sweden, and Ireland, Celsa Group employs more than 70,000 people across 120 work centers, including seven steel mills, 12 rolling mills, and 48 recycling plants. The company’s size and reach across Europe make it a key player in the steel industry, particularly in the context of the ongoing global push for sustainability and green energy. Celsa’s circular economy model not only helps reduce its carbon footprint but also supports the development of more sustainable industries by recycling valuable materials.
The sale of its UK and Nordic subsidiaries is part of a broader strategy to streamline operations and refocus resources on its core business. By divesting from non-essential markets, Celsa Group aims to reinforce its position in Spain, where it has a significant presence and where the company sees the greatest potential for growth in the coming years. The funds from the sale will be used to pay down the group’s debt, in line with its broader goal of financial stabilization and debt reduction. This move is particularly important in the context of Celsa’s ongoing efforts to improve its capital structure, making the company more agile and better positioned for future investments.
Sev.en GI, the buyer of Celsa’s UK and Nordic subsidiaries, is a well-established investment group with expertise in industries such as power generation, mining, and natural resources. The company operates on a global scale and is known for its long-term investment approach, which aligns with Celsa’s goal of securing sustainable growth. Although the sale marks the end of Celsa’s operations in these regions, it also opens up new opportunities for both Celsa and Sev.en GI, as they both continue to focus on long-term value creation in their respective industries.
In addition to the financial aspects of the deal, Celsa’s commitment to sustainability remains a key driving force behind its operations. As Europe’s largest low-emission steel producer, Celsa Group is continuously working toward minimizing its environmental impact. The company’s use of electric arc furnaces and recycling of scrap steel is part of its broader strategy to reduce CO₂ emissions and energy consumption. Celsa’s dedication to achieving 98% circularity by 2030 and eventually becoming a Net Positive company by 2050 further underscores its commitment to sustainability and climate action.
The move to divest its subsidiaries in the UK and the Nordics will help Celsa focus more on its core operations, streamline its industrial footprint, and accelerate its ambitious sustainability goals. As the company navigates the challenges of a rapidly evolving market, it continues to prioritize both financial stability and environmental responsibility. The funds from the sale, along with the strategic efficiency measures currently underway, will position Celsa Group to continue its leadership in the circular steel industry, making important contributions to Europe’s green transition while strengthening its business foundation for the future.
By focusing on its core operations in Spain and reducing its financial leverage, Celsa Group is strategically positioning itself for the next phase of growth. Through a combination of financial restructuring, capital raising, and a continued focus on sustainability, Celsa aims to enhance its competitive edge in an increasingly eco-conscious global market. The sale of its UK and Nordic subsidiaries, therefore, is not just a financial transaction; it is part of a larger, forward-thinking strategy that will enable the company to strengthen its position as a leader in low-emission steel production and circular economy practices.
