Brief: H2 Green Steel Completes EUR 260 Million Equity Financing To Build World's First Large Scale Green Steel Plant

Kinnevik AB

19/10/2022 07:48

Oct 19 (Reuters) - 
  
    * COMPLETES €260 MILLION EQUITY FINANCING TO BUILD WORLD’S
FIRST
LARGE SCALE GREEN STEEL PLANT
    * FINAL CLOSE OF THE PRIVATE PLACEMENT ADDS €70 MILLION IN
NEW
INVESTMENTS FROM INVESTORS SUCH AS HITACHI ENERGY, KOBE STEEL
AND KINNEVIK
    * CLOSED ITS SERIES A EQUITY ROUND OF €86 MILLION IN MAY
2021 AND
ANNOUNCED THE FIRST CLOSE OF ITS SERIES B ROUND OF €190 MILLION
IN AUGUST 2022
    * SERIES B EQUITY PROCEEDS WILL PRIMARILY BE USED TO DEVELOP
COMPANY’S LARGE SCALE GREEN STEEL PLANT IN NORTHERN SWEDEN

Source text: https://cisn.co/3D99XFb
 (Gdansk Newsroom)
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