Goldman funds to take $900 million hit on Northvolt, FT reports
Nov 23, 2024 · 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 ...
Goldman Sachs takes $900mn hit on Northvolt investment
Nov 23, 2024 · Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Funds managed by Goldman Sachs will write off almost $900mn after Swedish battery maker Northvolt filed for ...
Goldman Funds Take $900 Million Hit on Northvolt, FT Says
Nov 23, 2024 · (Bloomberg) -- 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 ...
Goldman Funds Take $900 Million Hit on Northvolt, FT Says
Nov 23, 2024 · 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 ...
VW and Goldman Sachs write off Northvolt shares
4 days ago · According to the Financial Times, the US bank has “at least $896mn in exposure to Northvolt,” and “they will write that down to zero at the end of the year.” Just a few weeks ago, Goldman Sachs was still actively involved in finding a lifeline for Northvolt. There was even talk of the US bank teaming up with other investors to rescue ...
Northvolt: 'We're not afraid of Goldman Sachs,' says Legault
Oct 23, 2024 · One of the company's main creditors, investment bank Goldman Sachs, is demanding access to the assets of foreign subsidiaries, including those in Quebec, as collateral as a condition for ...
Goldman Sachs Unit in Talks to Join Northvolt Rescue Effort - Bloomberg.com
Oct 16, 2024 · Goldman Sachs Unit in Talks to Join Northvolt Rescue Effort. Asset-management arm is second-largest owner of battery maker; Cash-strapped Northvolt is scrambling to secure funding...
Goldman, Investors Seek Collateral in Canada as Northvolt Nears …
Oct 22, 2024 · Goldman Sachs Group Inc. and several other investors willing to provide a bridge loan to Northvolt AB are seeking shares in the embattled battery maker’s Canadian unit as collateral in return...
Goldman Sachs Unit in Talks to Join Northvolt Rescue Effort (1)
Oct 17, 2024 · Goldman Sachs Group Inc.’s investment arm, the second-largest shareholder in Northvolt AB, is considering joining other investors in an effort to rescue the cash-strapped battery maker, according to people familiar with the matter.
Goldman on the hook for nearly $900M loss on Northvolt stake: …
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 ...
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