H2 Green Steel secures EUR 190 million in equity financing
The green impact company H2 Green Steel has secured a total of EUR 190 million in a first close of a series B equity financing from a selected group of 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 continue to support the company with additional equity funding.
H2 Green Steel aims to transform industries that generate significant carbon emissions, starting with steel through a green hydrogen powered steel plant in Boden in Northern Sweden.
H2 Green Steel as advised by Mannheimer Swartling in the transaction