Stegra has completed financing of the Boden green steel steel plant in the amount of 1.4 billion euros
Swedish environmentally friendly steel producer Stegra has completed a 1.4 billion euro financing round led by a consortium led by Wallenberg Investments, with the participation of existing and new investors, as well as with the continued support of the company's creditors. The financing, which was announced in principle in April 2026, subject to regulatory approval, has now been officially closed.
Financing retains access to existing borrowed funds
The consortium, led by Wallenberg Investments, includes existing investors IMAS and Temasek, as well as new investors Bolero and SEB-Stiftelsen. Several existing shareholders also participated in the financing round, including Altor, which will become Stegra's second largest shareholder. Other participating investors include Hy24, Just Climate, AMF, AP2, Climate Infrastructure Fund, Kallskär, Kobe Steel, Lingotto Innovation, Scania, Schaeffler, Security Trading, Stena Metall Finans and Swedbank Robur. In addition, a group of the company's creditors, who are in the second collateral, led by AIP Management, invested funds directly in equity.
The financing package was unanimously approved by the Stegra group of creditors. According to the company, all participating banks continue to support the project, which allows Stegra to maintain access to unused debt obligations provided as part of the financing package for 2024. Håkan Boucher, head of special investments at Wallenberg Investments and a new board member of Stegra, said the consortium would work closely with the company to complete the construction and commissioning of the Boden steel mill, calling the project an important contribution to Sweden's competitiveness and security of supply to the European Union.
Construction continues on the Boden project
According to Henrik Henriksson, CEO of Stegra, the financing round strengthens the company's financial position by increasing its equity. He also welcomed the increased Swedish participation in the project led by Wallenberg Investments.onsortium and emphasized the continued support of the Swedish Government Debt Management and the Swedish Export Credit Corporation (SEK), which remain committed to previously agreed financing mechanisms.
Stegra said construction work at its Boden steel mill continues to gain momentum, while the overall project timeline is still being reviewed.
Author: Stilorbis
Steelorbis.com