CRU congratulates Sev.en Global Investments on their recent acquisition of a 100% equity stake in 7 Steel Nordic and 7 Steel UK, (formerly Celsa Steel UK and Celsa Nordic). Through its role as market advisor, CRU is pleased to have supported this landmark agreement, in what promises to be an exciting new chapter in the future of sustainable European steel production.
CRU Consulting performed an extensive due diligence of the prospective targets, with a focus on market dynamics, helping the Sev.en Global Investments team to unlock understanding of the input and output markets as well as the merits and potential risks around the targets’ management business and investment plans.
Commenting on the announcement from Sev.en Global Investments, Gareth Beese, Head of Consulting, EMEA said: “It was a pleasure to be trusted again to work with Sev.en Global Investments in this commercial due diligence assignment. Combining CRU’s steel industry expertise with robust and accurate analysis enabled our client to make informed data-driven decisions about their strategic investments. Great to see Sev.en Global Investments getting this deal over the line.”
In response to the work completed by CRU, Sev.en Global Investments stated:
"We are grateful for your support during the course of this project and thank you for all your great analyses – well done!"
CRU looks forward to continuing its long-term partnership with 7 Steel by providing a comprehensive suite of CRU subscription services, including insights on steel supply and demand, pricing, and cost analysis.
CRU Consulting is a specialist consultancy providing independent, exclusive and proprietary advice to the world’s leading metals and mining companies, investors, financial institutions and governments. Leveraging CRU’s unrivalled business intelligence, market insight, commodity data and price assessments, CRU Consulting offers flexible bespoke solutions to fit clients’ valuation needs.
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