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Reports: Major Shareholder Considers Saving Northvolt

» Updated: 16 October 2024, 22:34

» Published: 16 October 2024

Reports: Major Shareholder Considers Saving Northvolt
Photo: Pontus Lundahl/TT

The investment bank Goldman Sachs, the second-largest shareholder in crisis-stricken Northvolt, is considering joining forces with other investors to rescue the battery manufacturer, according to Bloomberg, citing sources with insight into the matter.

According to Bloomberg's sources, who requested anonymity, Goldman Sachs is actively involved in efforts to find a solution to Northvolt's liquidity crisis.

A spokesperson for Goldman Sachs and a spokesperson for Northvolt have declined to comment on Bloomberg's report.

According to information from SVT News, both pension giant AMF and state-owned AP funds are considering investing more to rescue crisis-stricken Northvolt.

Founder Harald Mix also says he is willing to invest more money.

I will stand up for the company, said Harald Mix to TT in connection with a conference on fossil-free investments in Sweden on Wednesday.

How do you view the prospects of securing financing in the current situation?

I think they are good, he said.

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By TTThis article has been altered and translated by Sweden Herald

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