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Goldman on hook for nearly $900M loss on Northvolt stake

Seeking Alpha on MSN · 12h

Goldman on the hook for nearly $900M loss on Northvolt stake: report

Goldman Sachs (NYSE:GS) will take a nearly $900M hit after Swedish EV battery maker Northvolt filed for chapter 11 bankruptcy protection in the US earlier this week, the Financial Times reported Saturday,

Goldman funds to take $900 million hit on Northvolt, FT reports

Funds managed by Goldman Sachs will write off nearly $900 million after Swedish lithium-ion battery producer Northvolt filed for Chapter 11 bankruptcy earlier this week, Britain's Financial Times reported on Saturday.

Bloomberg L.P. · 11h

Goldman Funds Take $900 Million Hit on Northvolt Stake, FT Says

Funds managed by Goldman Sachs Asset Management are set to write off almost $900 million on investments in Swedish battery maker Northvolt AB, which filed for bankruptcy protection this week, the Financial Times reported,

Sweden’s Northvolt Files For Bankruptcy

Reuters on MSN · 18h

Northvolt crisis may be make or break for Europe's EV battery ambitions

Europe's biggest hope for an electric vehicle battery champion filed for U.S. Chapter 11 bankruptcy protection on Thursday after talks with investors and creditors including Volkswagen and Goldman Sachs for funding failed.

NBC Los Angeles · 1d

Battery giant Northvolt files for bankruptcy in major setback to Europe's EV ambitions

Swedish battery maker Northvolt filed for Chapter 11 bankruptcy protection in the U.S., delivering a blow to Europe’s electrification ambitions.

The New Voice of Ukraine on MSN · 1d

Northvolt files for bankruptcy, leaving Europe's EV battery hopes in doubt

"The company will continue to make deliveries to customers, while fulfilling obligations to critical vendors and payment of wages to employees," according to a statement from Northvolt. Read also: EU to back Trump on China trade pressure in exchange for Ukraine support Northvolt filed for bankruptcy in the U.

8h

Goldman Funds Take $900 Million Hit on Northvolt, FT Says

Funds managed by Goldman Sachs Asset Management are set to write off almost $900 million on investments in Swedish battery ...

17hon MSN

An EV-battery maker that raised $15 billion from investors including Goldman Sachs filed for bankruptcy protection after almost running out of cash

Northvolt has struggled to boost production at its Swedish battery factory and recently announced 1,600 layoffs amid weak ...

1d

Northvolt CEO steps down, saying group needs up to $1.2 billion

Northvolt's CEO and co-founder Peter Carlsson stepped down on Friday, a day after Europe's biggest hope for an electric ...

1don MSN

Northvolt chief resigns a day after battery maker collapses into bankruptcy

Northvolt’s chief executive has resigned a day after Europe’s big battery hope filed for bankruptcy in the US. Peter Carlsson ...

Northvolt appoints restructuring manager for its battery factory

Ailing battery manufacturer Northvolt has appointed restructuring expert Paul O'Donnell as head of the Northvolt Ett factory.

1d

Northvolt CEO resigns as battery maker starts multibillion-dollar restructuring

Stockholm-based company pinning recovery hopes partly on Quebec plant as court-monitored restructuring process begins ...

3d

Northvolt Appoints Restructuring Expert to Oversee Main Battery Plant

COPENHAGEN (Reuters) - Northvolt has appointed restructuring expert Paul O'Donnell to oversee the lithium-ion battery maker's ...

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