Celsa has added Citi, Barclays, Goldman Sachs Bank Europe SE and Rothschild as financial advisers in the process of exiting the proprietary funds --SVP, Attestor, Golden Free and Cross Ocean--, which account for 98% of the company’s capital, the Catalan steelmaker said this Friday.
The company chaired by Rafael Villaseca has detailed that these entities will support the company in the analysis, preparation and, as applicable, implementation of various options aimed at facilitating this divestment.
The firm stressed that, for the time being, no resolution has been adopted on whether the exit will be carried out through a stock market listing or through a corporate transaction.
Rafael Villaseca said at a press conference in early October that the transaction will be carried out "without haste and without urgency," and without ruling out any formula, whether through a corporate transaction or through a possible exit to the stock exchange.
In addition, the company has decided to appoint JP Morgan, Goldman Sachs Bank Europe SE and Barclays as well to study refinancing alternatives, on more advantageous terms, to the bond issue that its investee Celsa Opco SAU launched in the bond market in December 2025.