The Spanish steel company Celsa Group has completed a deal to sell its subsidiaries in the United Kingdom and Northern Europe to the Czech investment group Sev.en Global Investments. This was announced back in November 2024, and the deal was ratified on April 11, 2025. The proceeds from the sale will be used to reduce the group’s debt, which is part of its strategic restructuring plan.
This is reported by Business • Media
According to Celsa Group, this large-scale deal represents an important step in the implementation of their industrial and financial plans, alongside a recent increase in shareholder equity and the launch of an ambitious efficiency improvement program. Sev.en Global Investments stated that the acquisition of Celsa Nordic and Celsa Steel UK will allow the company to enter new industries and regions, expand its global portfolio, and strengthen its commitment to environmentally friendly industrial practices.
Business Reformatting and Strategic Expansion
Following the acquisition, Celsa Nordic will be renamed 7 Steel Nordic, and Celsa Steel UK will become 7 Steel UK. Both companies will now operate under the unified brand 7 Steel. The total production capacity of the acquired metallurgical enterprises is 2 million tons of structural steel per year, which includes rebar, profiles, meshes, and wire. The produced steel is actively used in shipbuilding, rail transport, and renewable energy sectors.
“I am very pleased with the successful completion of the acquisition of several innovative and specialized metallurgical companies. This is part of our strategy to enter new industries, and we are convinced that steel is a reliable long-term investment. We will support growth, development, innovation, and the green transition,” said Alan Svoboda, CEO of Sev.en Global Investments.
It is worth noting that in April 2025, the investment holding CriteriaCaixa reached a preliminary agreement to acquire a 20% stake in Celsa Group through an increase in share capital. This alliance will help consolidate the company’s financial restructuring and promote the implementation of its industrial plan.