#Sweden #Stockholm #Stegra #Wallenberg #near-zero emissions

Stegra Successfully Completes €1.4 Billion Financing Round

Stegra, a pioneering company in the green steel industry, proudly announces the successful closing of its much-anticipated financing round, securing €1.4 billion in funding. This effort marks a significant milestone in their pursuit of sustainable production methods and demonstrates strong investor confidence in the company's vision.

The financing round is spearheaded by a consortium led by Wallenberg Investments, which has garnered enthusiastic support both from existing investors and a range of new stakeholders. Key contributors include IMAS and Temasek, alongside newcomers Bolero and SEB-Stiftelsen. Notably, many of Stegra's current shareholders have also reaffirmed their commitment, with prominent entities such as Altor, Hy24, and Just Climate significantly boosting their investments. This backing includes a variety of institutions, including AMF, AP2, and various other financial entities and investment firms, ensuring a robust capital foundation for Stegra moving forward.

Henrik Henriksson, CEO of Stegra, expressed deep gratitude for the unwavering support from both new and existing partners, emphasizing the communal effort in advancing near-zero emissions steel production. “The completion of this financing round is more than just a financial transaction; it signifies a strong commitment to the innovative work we are pursuing,” he stated. “It underlines the confidence investors hold in our business model and the transformative project we are undertaking.”

Following an agreement reached in April 2026, the financing was contingent upon several necessary approvals, culminating in its finalization recently. With the full support of the lending group, including banks involved in Stegra’s financing package, the company gains access to the undrawn debt facilities established previously. This guarantees a solid financial environment as the firm directs its focus towards enhancing construction activities at their Boden plant.

Håkan Buskhe, head of Special Investments at Wallenberg Investments and an incoming board member of Stegra, acknowledged the importance of this partnership. “We are excited to forge ahead with Bolero, IMAS, SEB-Stiftelsen, and other vital investors to hasten the completion and commissioning of the plant in Boden, which stands as an imperative step in bolstering Sweden’s metallurgical competitiveness and stability within the EU supply chain,” he remarked.

As construction progresses, Stegra has emphasized its plans to review the project timeline, ensuring that all aspects align with the broader goals of innovation and sustainability. This financing round not only enhances Stegra's equity ratio but strengthens its financial position, showcasing increased Swedish ownership and support from established Swedish financial institutions such as the Swedish National Debt Office.

In a concluding comment, Henriksson added, “With this financing, we are stepping forward into a phase of enhanced resilience and opportunity. We welcome the collaboration with all our partners and look forward to realizing the potential of eco-friendly steel production.”

In a landscape where sustainability takes center stage, Stegra’s efforts stand at the forefront of a much-needed transformation in steel manufacturing, demonstrating how financial backing and innovative visions can converge to generate impactful change within the industry. As this green project develops, it promises not only to advance technological capacities but also to set a precedent for environmentally responsible production practices.

For further inquiries, please reach out to Karin Hallstan, Head of Communications at Stegra, via email at [email protected] or by phone at +46 76 842 81 04.