Sev.en Global Investments Expands its European Industry Footprint with Acquisition of Green Steel Plants in the UK and Scandinavia
Press Release (Prague, Czech Republic, November 21 2024)
Marking its entry into a new industry and region, Sev.en Global Investments has signed an agreement to acquire 100% of Celsa Steel UK and Celsa Nordic. The vendor of the two European steel market leaders is the Spanish company Celsa Group, which focuses on sustainable production of steel by recycling scrap in electric arc furnaces.
Alan Svoboda, CEO of Sev.en Global Investments: "We perceive the steel industry as vital for our growth trajectory, therefore we are thrilled to finalize this landmark agreement. This acquisition fortifies our position on the European market including the entry into the promising Scandinavian markets. Production of green steel also advances Sev.en GI clearly towards sustainability."
Celsa Steel UK, recognized as the largest steel recycling company in the UK, operates a facility in Cardiff with an annual production capacity of 1.2 million tonnes of low-carbon construction steel. Utilizing advanced electric arc furnace technology that adheres to stringent environmental standards, this facility is characterized by one of the lowest carbon footprints in the industry.
Celsa Nordic, standing as a premier steel producer in the Nordic region, operates in Norway, Finland, Sweden, and Denmark. The company boasts a fully integrated production chain that encompasses scrap metal collection, processing, and manufacturing of finished steel products tailored for the construction sector. Powered by renewable hydro energy, Celsa Nordic’s sustainable operations are particularly appealing to ESG-focused clients and projects.
Alan Svoboda, CEO of Sev.en Global Investments: "Both facilities are technologically advanced and well-established European leaders in green steel production. We are eager to collaborate closely with both management teams and other stakeholders to further develop these assets and unlock their long-term potential. We are constantly on the lookout for new growth opportunities in all our focus industries worldwide. I am happy that the steel industry is now part of our core portfolio."
The integration of Celsa's steel plants will enhance Sev.en Global Investments’ diverse portfolio by adding a combined production capacity of 2 million tonnes of steel products annually. These products, primarily used in construction applications such as bars, sections, mesh, and wires, underscore the group’s unwavering commitment to sustainable industrial practices. Additionally, this acquisition brings on board over 2,700 skilled employees.
About Sev.en Global Investments
Sev.en Global Investments is a Czech based investment group investing across a range of sectors, particularly in power generation and mining of various natural resources. Sev.en GI operates on four continents – Europe, Australia, North America, and Asia.
In Australia, the investment portfolio includes:
- Delta Electricity with the Vales Point Power Station and Chain Valley Colliery coal mine
- SO4 company - premium green potash fertilizer producer
- Sev.en Royalties with mining rights in two regions.
In the United States, it is the owner of:
- met-coal mining company Blackhawk Mining with annual coal production of around 9 million tonnes
- Golden Eagle Land Company holding mining rights to more than 2 billion tonnes of coal reserves.
Sev.en Global Investments is part of the Sev.en Group whose beneficiary is Mr. Pavel Tykač, a prominent Czech entrepreneur and investor, ranking among the top 400 World´s wealthiest people by the Forbes Real Time Billionaires.
Media Contact:
Veronika Diamantová
e-mail
+420 775 299 337