Steelmaker Celsa Weighs Sale or Initial Public Offering, Bloomberg Reports

3-line summary

• Barcelona-based steelmaker Celsa sent investment banks a request for proposals (RFP) to evaluate a sale, an IPO, or a combination of both, Bloomberg reported. Chairman Rafael Villaseca said the board has authority to pursue a shareholder exit via a listing or direct stake sale, as part of a broader strategic review aimed at offering current owners a monetization opportunity; the article cited recent operational stabilization measures that improved results and restored sustained profitability as context for the move.
• The article did not provide deal size or valuation figures, and no fixed timeline was set — Villaseca said there is no strict schedule for an exit. Investment banks are expected to submit formal proposals.
• Background: following a 2023 restructuring, a consortium of investment funds including Strategic Value Partners and Attestor took control of the company, after a prolonged legal dispute between the founding family and creditors over debt; the takeover required negotiations with the Spanish government and regulators, and creditors accepted commitments on operating sites and employment levels. Celsa operates in Spain, France, and Poland, converting scrap steel into steel via electric-arc furnaces.

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