Time Is Running Out for Swedish Green Steelmaker Stegra
The company is in an urgent search for roughly €1 billion in fresh equity
This article is for subscribers only.
Welcome to The Brink. We’re Lars Paulsson and Giulia Morpurgo, and we’ve been reporting on the cash crunch at Stegra, a green steelmaker based in Sweden. We also have news on MFS, Conair, and confidential oil contracts in Venezuela. Follow this link to subscribe. Send us feedback and tips at debtnews@bloomberg.net.
Time is running out for green steelmaker Stegra. The Swedish startup has just weeks before it runs out of cash, forcing it into an urgent search for roughly €1 billion in fresh equity while it seeks to unlock billions more in previously secured credit lines.