Green steel
A consortium led by Wallenberg Investments has injected 15 billion kronor into the crisis-hit steel company Stegra. The investment paves the way to complete the fossil-free steel plant in Boden and reduces bankruptcy risks. Wallenberg becomes the largest owner, with Leif Johansson as new chairman.
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The Wallenberg family is set to become the largest owner in the struggling steel company Stegra, Dagens industri reports citing multiple sources. Investors are providing 15 billion kronor to rescue the green steel project, with the Wallenberg sphere covering half. Lenders will release nearly 10 billion kronor in previously frozen loans.