Stegra Closes €1.4 Billion Financing Round to Support Hydrogen-Based Green Steel Project
06/24/2026 - Stegra announced it has completed its most recent financing round, closing at €1.4 billion.
The company said the round was led by a Wallenberg Investments consortium including existing investors IMAS and Tamasek and new investors Bolero and SEB-Stiftelsen. A portion of Stegra’s existing shareholders and its second lien lenders have also invested in the company.
“We are grateful for the support for the work we are doing in bringing near-zero-emissions steel to the market from both new and existing investors, as well as from lenders. It’s a strong sign of confidence in our business case and the project,” said Henrik Henriksson, chief executive officer of Stegra.
The financing has gotten full approval from the Stegra lender group. All banks participating in the financing package continue to support the project. Stegra said it will have access to the undrawn debt facilities from its 2024 financing as well.
“We close this financing round with a higher equity ratio and a stronger and more resilient financial position for the company. We welcome the increased Swedish ownership through the Wallenberg Investments-led consortium and the continued support from the Swedish National Debt Office and SEK which remain committed to previously agreed facilities and have worked constructively with different stakeholders during the funding process,” continued Henriksson.
“We are grateful for the support for the work we are doing in bringing near-zero-emissions steel to the market from both new and existing investors, as well as from lenders. It’s a strong sign of confidence in our business case and the project,” said Henrik Henriksson, chief executive officer of Stegra.
The financing has gotten full approval from the Stegra lender group. All banks participating in the financing package continue to support the project. Stegra said it will have access to the undrawn debt facilities from its 2024 financing as well.
“We close this financing round with a higher equity ratio and a stronger and more resilient financial position for the company. We welcome the increased Swedish ownership through the Wallenberg Investments-led consortium and the continued support from the Swedish National Debt Office and SEK which remain committed to previously agreed facilities and have worked constructively with different stakeholders during the funding process,” continued Henriksson.
