Criteria closes another operation with Moncloa: acquires 20% of Celsa and becomes the Spanish partner

CriteriaCaixa has entered as a shareholder of the steel company Celsa with 20% of the capital. The operation will be carried out by means of an increase of capital. According to a statement from Criteria, both parties “have reached an agreement principle for its entry into the capital.” The Board of Directors of the Grupo Celsa has approved to advance in these negotiations to incorporate the holding investor as a relevant shareholder, and it is …

CriteriaCaixa, the investment arm of La Caixa, will enter the capital of the steel company in the coming weeks with approximately 20% of the capital.

CriteriaCaixa continues with its strategy of diversifying investments after the entry into the capital of Puig and Colonial. The investor holding that manages the business assets of the 'laCaixa' Foundation has reached an agreement principle for its entry into the capital of the Celsa Group, the first European producer of low-emission circular steel. CriteriaCaixa will sign a capital increase that will be formalized in the coming weeks, after th…

Criteria, the industrial holding company of La Caixa, has closed a new operation with Moncloa: it will become the Spanish industrial partner of the Catalan steel company Celsa that the government demanded to approve the takeover of the company by the creditor funds in 2023.Thus, Criteria has announced this Wednesday in a communiqué that has reached an agreement principle for the holding company to enter the capital of the steel company with appr…

In this sense, the Board of Directors of the Celsa Group has approved to advance in these negotiations to incorporate the holding investor as a relevant shareholder with approximately 20% of the capital. This operation would be carried out predictably in the coming weeks. Celsa started a process for the incorporation of a Spanish shareholder with an industrial vocation. In this process, a total of five offers were presented, being chosen the one…

CriteriaCaixa enters as a shareholder of Celsa with 20% of the capital. The operation will be carried out by means of an increase of capital. According to a statement of Criteria, the two parties “have reached an agreement principle for their entry into the capital”. Continue reading...