Stegra completes financing round, with consortium led by Wallenberg Investments becoming majority owner

Recent work|June 24, 2026

Roschier advised the consortium led by Wallenberg Investments on Stegra’s EUR 1.4 billion financing round, enabling the commissioning of the company’s large-scale green steel plant in Boden, Sweden. All conditions, including regulatory approvals, have now been fulfilled and the transaction has been completed.

Wallenberg Investments, together with Temasek, IMAS, Bolero and the SEB Foundation, has formed a consortium which, through the transaction, assumes a leading position as majority owners of Stegra.

As a result of the transaction, Stegra is owned through two holding companies: Stegra HoldCo (under name change), which holds more than 90 percent of the shares and votes in Stegra, and Green Nexus Investment Holding, which holds the remaining shares and votes in Stegra. Stegra HoldCo is owned by new and existing investors that have contributed new capital to Stegra as part of the financing round, including the consortium members, while Green Nexus Investment Holding is owned by existing shareholders.

Wallenberg Investments holds approximately 38.5 percent of the votes and approximately 18.8 percent of the capital in Stegra HoldCo.

Roschier’s core advisory team comprised Malin Leffler, Björn Winström, Mattias Jönsson, Axel Bonning, Axel Carefall (M&A), Niklas Eriksson, Marcus Kern Fahlander, Adis Kalakovic, and Elias Schildt (Finance & Restructuring).

The advisory team also comprised Miikka Konttinen, Carl Diesterweg, Joel Smeds, Nina Roos (Complex Construction), Emma Johansson, Giada Maglione, Ludwig Wegmann (Competition), Erik Ficks, Filippa Michelsson (Intellectual Property), Linnéa Ceréus, Sofia Andersson (Employment), Emil Samuelsson, and Heidi Brandner (Environment & Natural Resources).