The Spanish long products manufacturer Celsa Group has announced the signing of a preliminary agreement with the Spanish investment company CriteriaCaixa on the sale of a 20 percent stake in the company. The deal is expected to be completed in the coming weeks. .
Recommended:
This alliance will support Celsa's ongoing financial restructuring efforts and provide a powerful boost to its industrial development strategy.
The process of attracting a Spanish investor with an industrial focus began with the implementation of an operational efficiency improvement plan, which was funded by increasing capital and selling some assets located outside the country.,