Stegra Says Needs Extra Capital for Giant Green Steel Plant, Appoints Wallenberg Executive as New CEO

svt Nyheter

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The board of directors of steel manufacturer Stegra has appointed former Saab boss Håkan Buskhe as new CEO, the company said in a press release. The company also confirms media reports that more financing is needed.

Svenska Dagbladet

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The board of directors of steel manufacturer Stegra has appointed former Saab boss Håkan Buskhe as new CEO, the company said in a press release. The company also confirms media reports that more financing is needed.

nyadagbladet.se

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The crisis-ridden Stegra needs even more money. Just months after June's rescue package, the board says that the steel mill in Boden will be significantly more expensive to complete than expected, while the CEO is being replaced. The announcement came on Wednesday, after a review that the new ownership group and the board have conducted during their first 100 days. Stegra writes that additional capital is required, as the estimated costs are sig…

Dagens industri

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Håkan Buskhe, the former CEO of Saab and FAM, will become the new CEO of steelmaker Stegra on 1 November, succeeding the current CEO Henrik Henriksson. The change comes after a 100-day review of the new owners -- a review that shows an extensive capital need.

nsd.se

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Henrik Henriksson is leaving the CEO position at Stegra. Former Saab CEO Håkan Buskhe will take over, the company writes in a press release. – Håkan has extensive experience in leading large industrial operations through restructuring, and that is the ability the company needs now, says Chairman of the Board Leif Johansson in the press release.