Koç Group has partnered with the Swedish green steel producer Stegra

According to a report by the Swedish financial publication Dagens Industri, based on the company’s share register, Stegra has issued a total of 850 million new shares to finance the construction of its plant.

With this issuance, the company’s total number of shares has increased by 23 percent, and among the new shareholders is Koç Group, Turkey’s largest industrial conglomerate.

Following the examination of the records, it was reported that Koç Holding and the Koç family jointly subscribed to 2 percent of the newly issued shares.