Interest Grows in Northvolt Assets Amid Bankruptcy Proceedings

There are several speculators who have shown interest in buying the battery factory Northvolt One in Skellefteå and other assets in Northvolt's bankruptcy estate, reports the newspaper Norran, citing Fredrik Sundin, lawyer at Ackordcentralen.

» Published: March 20 2025

Interest Grows in Northvolt Assets Amid Bankruptcy Proceedings
Photo: Jonas Westling/TT

Share this article

It is actually a fairly large interest. We have been able to identify several interested parties for both Revolt (recycling plant) and Northvolt One, says Fredrik Sundin to the newspaper.

He is one of about 25 people at Ackordcentralen who are currently working with Northvolt's bankruptcy administration.

My hope is that we will have an agreement ready within a month or two, says Sundin.

According to the lawyer, the interested parties are both financial investors and players in the automotive and battery industries. Several have already visited the facilities and more visits are expected in the future.

Sundin adds that the bankruptcy administrator may "hopefully" make a decision on continued operation of Northvolt's business this week – which he believes would facilitate negotiations with potential buyers compared to if a decision is made to stop production.

Northvolt – with nearly 3,000 employees in Skellefteå and hundreds of employees in Västerås and Stockholm – was declared bankrupt by the Stockholm District Court on March 12.

All employees will lose their jobs, as Northvolt as a company will be wound up in the bankruptcy. However, the business and assets in the bankruptcy estate can be sold to new owners, which may open up the possibility for at least some of the laid-off employees to get new jobs.

Loading related articles...

Tags

Author

TTT
By TTTranslated and adapted by Sweden Herald

More news

More Banks Reduce Variable Mortgage Rates After Central Bank Cut
1 MIN READ

More Banks Reduce Variable Mortgage Rates After Central Bank Cut

Beredskapslyftet Secures 1 Million Kronor for Ex-Northvolt Employees
1 MIN READ

Beredskapslyftet Secures 1 Million Kronor for Ex-Northvolt Employees

Court Orders Review of Tesla's License Plate Request
1 MIN READ

Court Orders Review of Tesla's License Plate Request

SSAB Delays Luleå Steel Plant Opening by One Year
1 MIN READ

SSAB Delays Luleå Steel Plant Opening by One Year

UK Interest Rate Stays at 4.25 Percent as Expected
1 MIN READ

UK Interest Rate Stays at 4.25 Percent as Expected

Swedish Households Reduce Foreign Shareholdings in First Quarter
1 MIN READ

Swedish Households Reduce Foreign Shareholdings in First Quarter

Ica Retailers Face Store Loss After Insider Trading Convictions
3 MIN READ

Ica Retailers Face Store Loss After Insider Trading Convictions

Norway Central Bank Unexpectedly Cuts Interest Rate to 4.25%
1 MIN READ

Norway Central Bank Unexpectedly Cuts Interest Rate to 4.25%

Switzerland Cuts Interest Rate to 0 Percent
1 MIN READ

Switzerland Cuts Interest Rate to 0 Percent

Swedish Inflation Expected to Hit Central Bank's 2% Target
1 MIN READ

Swedish Inflation Expected to Hit Central Bank's 2% Target

Stock Market Dips Slightly as Stora Enso Surges 17 Percent
1 MIN READ

Stock Market Dips Slightly as Stora Enso Surges 17 Percent

DNB Bank Error Leads to Triple Payments for Some Norwegians
1 MIN READ

DNB Bank Error Leads to Triple Payments for Some Norwegians

Skistar Maintains Winter Prices Despite Challenging Spring
2 MIN READ

Skistar Maintains Winter Prices Despite Challenging Spring

Midsummer Food Prices More Affordable This Year, SEB Reports
2 MIN READ

Midsummer Food Prices More Affordable This Year, SEB Reports

Asian Stock Markets Decline Amid Middle East War Concerns
1 MIN READ

Asian Stock Markets Decline Amid Middle East War Concerns

US Stock Market Shows Mixed Reactions After Fed Interest Rate Decision
1 MIN READ

US Stock Market Shows Mixed Reactions After Fed Interest Rate Decision

US Interest Rate Holds Steady as Fed Signals Two Cuts This Year
2 MIN READ

US Interest Rate Holds Steady as Fed Signals Two Cuts This Year

France Plans to Acquire Saab Reconnaissance Aircraft
1 MIN READ

France Plans to Acquire Saab Reconnaissance Aircraft

Impact of Tariffs on Swedish Exports to USA Analyzed
1 MIN READ

Impact of Tariffs on Swedish Exports to USA Analyzed

Volvo Recalls Thousands of Cars in Sweden for Brake Software Issue
1 MIN READ

Volvo Recalls Thousands of Cars in Sweden for Brake Software Issue