Wallenberg takes over Stegra

The Wallenberg family will now become the largest owner of the Swedish steel company Stegra, reports Dagens Industri.

The bill for investors that rescues the green steel company in crisis will total SEK 15 billion. The Wallenberg family and their investor collective will pay half of this sum, or SEK 7-8 billion.

Stegra, formerly H2 Green Steel, is building the world's first large-scale green steel plant in Boden in Northern Sweden, but has faced major financial problems.