Shareholders of the Spanish company Celsa are considering selling the group

The investment funds that took control of the Spanish steel group Celsa in 2023 — Strategic Value Partners (SVP), Attestor, DWS, GoldenTree and Cross Ocean — intend to sell the company. This was reported by VilaPress.

The current shareholders plan to begin the search for a buyer for the entire group in September.

After closing 2025 with an EBITDA of €396 million, Celsa returned to profitability in the first quarter of 2026. The company has also completed the refinancing and transformation process that began in 2023. The group expects EBITDA to approach €600 million this year and €800 million in 2027.

From the outset, the investment groups planned to draw up a rescue plan with a view to a future sale. They recapitalised nearly €2 billion of debt and revived the steelmaker. The group is currently valued at around €5 billion.

According to the portal, one of the main factors improving Celsa’s prospects is the EU’s new protective measures on steel, which are set to strengthen the position of European producers. Furthermore, the group has an industrial presence in Poland, where it operates facilities located near the border with Ukraine. Ukraine’s post-war reconstruction is expected to increase the strategic value of the group’s assets.

It should be recalled that last December it was reported that Celsa was completing its financial restructuring process. The company closed a €1.2 billion five-year bond issue. Meanwhile, the group’s shareholders had previously approved a capital injection (€200 million) and a subordinated loan (€600 million). As a result of these measures, the company has secured sufficient resources to fully refinance its liabilities, which amount to nearly €2 billion.