M&A & Private Equity, Tax / 23 Feb 2021

Borenius advised Keliber on its bridge financing arrangements

We advised Keliber when the company signed an investment agreement on bridge financing of EUR 40 million with Sibanye Stillwater Limited. The arrangement enables Keliber to significantly advance its lithium project in Central Ostrobothnia, Finland. Keliber aims to start production in 2024. The demand for lithium is expected to surge as a result of increasing digitalization and electrification of transportation. As a leading global precious metals company, Sibanye-Stillwater will bring strategic expertise to Keliber and will contribute to project execution. Sibanye-Stillwater supplies metals for multiple climate-critical solutions and the company has a strategy to expand into the battery metals value chain.

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