The statement comes after Svenska Dagbladet reported that Lyten is having trouble securing financing for the purchase. When Lyten signed the agreement to buy Northvolt assets in August last year, it was expected to complete the deal in October.
"Lyten has not managed to secure financing. Not yet, anyway," the newspaper reported on Tuesday, citing anonymous sources.
According to Keith Norman, the process is moving forward in transferring employees to Lyten and in taking over maintenance and supplier agreements.
“This is a complex transaction in several respects and we are careful to ensure that we have the right financing partners in place so that we can quickly restart operations,” Norman writes.
