Debts in Northvolt's bankruptcy amount to 6.9 billion

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Debts in Northvolt's bankruptcy amount to 6.9 billion
Photo: Henrik Montgomery/TT

The debts in Northvolt Expansion's bankruptcy in October amounted to 6.9 billion kronor – of which 5.7 billion to suppliers. The company's assets amounted to 1.3 billion kronor.

The information comes from the bankruptcy inventory, which the bankruptcy administrator Jonas Premfors submitted to the Stockholm District Court on Tuesday and which SVT News and Dagens industri (Di) have taken part of.

Immediately after the bankruptcy, the debts in the company were estimated to be around 3 billion kronor, but now it turns out to be 6.9 billion.

All construction projects in Skellefteå were stopped in connection with the bankruptcy. Now, the debts to construction companies amount to approximately 2 billion kronor, to suppliers of process equipment 2.9 billion kronor, and unpaid invoices related to logistics amount to 787 million kronor.

In addition, Northvolt Expansion has a debt to the parent company of 1 billion kronor.

At the same time, the assets in the company have shrunk to just over 1.3 billion kronor.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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