Investors happy to support H2 Green Steel

Investors happy to support H2 Green Steel

Following on from H2 Green Steel securing a total of € 190 million in the first close of its series B equity financing, there is clearly strong support from new and existing investors.

The equity round was co-led by new investors AMF, GIC and Schaeffler, alongside existing investor Altor Fund V.

Also participating in the equity raise is new investor Swedbank Robur Alternative Equity and existing shareholders Vargas, Kingspan, FAM, Marcegaglia, IMAS Foundation, Cristina Stenbeck and Daniel Ek who continue to support the company with additional equity funding.

H2 Green Steel has pre-sold about 60% percent of its initial volumes of yet-to-be-produced decarbonized steel to customers representing a broad range of sectors including steel service centres, pipe and tube, passenger vehicles and heavy commercial vehicles, white goods and construction products.

Read more from Steel Times International

Date posted 02/09/2022

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