Al Gore's climate fund becomes largest Stegra shareholder amid board reshuffle
21 okt. 2025
13:43
Al Gore's climate fund has replaced Vargus as the majority shareholder in Stegra.
The green steel startup is currently scrambling to secure the long-term future of its plant in Boden.
"We are working with both the investor side, the lender side and other tools that include possible outsourcing and strategic options," spokesperson Karin Hallstan told Impact Loop.
The green steel startup is currently scrambling to secure the long-term future of its plant in Boden.
"We are working with both the investor side, the lender side and other tools that include possible outsourcing and strategic options," spokesperson Karin Hallstan told Impact Loop.
Al Gore's climate fund Just Climate, which launched a $1.5 billion investment vehicle in 2023, will become the largest owner of Stegra.
Just Climate will overtake Vargus Holding, the investment firm that founded Stegra, as its largest shareholder, according to Swedish daily newspaper Svenska Dagbladet (SvD).