Northvolt filed for bankruptcy on Wednesday after the company failed to raise new capital.
According to sources at SVT, an extraordinary board meeting was held on Tuesday evening. At the same time, the company’s press spokesperson declined to confirm the information that is circulating.
According to DN, only a small circle at Northvolt is currently aware of the decision, which according to DN’s sources is expected to be made by Northvolt’s board on Tuesday evening or Wednesday morning.
SVT has been in contact with a shareholder who confirms that an extraordinary board meeting was held that evening where the proposal on the table was to put the company in bankruptcy. The threat of bankruptcy will apply to the entire Swedish operation, according to DN.
This is the largest bankruptcy ever in Sweden.
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