Tag: Stegra
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Stegra bags €1.4bn rescue funding package for giant European green-steel plant
Swedish green-tech startup Stegra has secured €1.4bn in rescue funding from a consortium led by the prominent Swedish Wallenberg family, as it looks to finish construction of the world’s largest green-steel plant. The funding follows months of negotiations between Stegra and its investors and lenders asthe Swedish startup looked to raise additional funding to support read more
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Kinnevik slashes valuation of stake in Swedish green startup Stegra
Swedish VC Kinnevik has written down the value of its stake in Swedish green steel startup Stegra by half,citing the higher anticipated costsof a plant it’s building as it looks to become a major player in Europe’s green industrial transition. Kinnevik’s latest financial report reveals it has written down the value of its stake in read more
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