Sev.en Global Investments, part of Czech entrepreneur Pavel Tykač's Sev.en energy group, will acquire steel producers Celsa Steel UK and Celsa Nordic from Spanish firm Celsa.

In the UK, Sev.en GI will take over Celsa Steel UK, which operates plants in Cardiff with an annual production capacity of 1.2 million tonnes of low-emission construction steel made from scrap metal. The plant is equipped with an electric arc furnace. Celsa Nordic, which serves the Scandinavian region comprising Norway, Sweden, Finland and Denmark, owns scrap mills, electric arc furnaces and rolling mills, as well as end producers of construction products. The two companies together employ approximately 2 700 people and focus on the production of construction materials such as reinforcing bars, profiles, nets and wire. Sev.en GI will acquire full ownership of both companies.

Sev.en Global Investments, part of Tykač's Sev.en Group, has a long-term strategic focus on the energy and mining sector. The group operates on three continents: Europe, Australia and North America. In Australia, their diversified investment portfolio includes the Vales Point power station, the Chain Valley Colliery coal mine and the SO4 potash fertilizer producer. In the United States, the group owns Blackhawk Mining, a metallurgical coal mining company, and Golden Eagle Land Company, which holds mining rights to more than two billion tonnes of coal reserves.