Northvolt's CEO sold shares for hundreds of millions

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Northvolt's CEO sold shares for hundreds of millions
Photo: Christine Olsson/TT

Northvolt's current CEO Peter Carlsson has in recent years sold some of his shares in the company – and earned hundreds of millions.

According to Dagens industri, it is about up to 200 million kronor in sales of shares between 2019 and 2022.

Peter Carlsson himself stated at Friday's press conference that it was not about 200 million. However, he did not comment on the actual amount.

I did it four years ago, and it was less than five percent of my holding in the company. I did it at a stage where there was a very strong demand for these shares and in that situation, it was an agreement I had with the other shareholders, he said at the press conference.

According to Dagens industri, Carlsson had an ownership of nearly seven percent of the shares in June 2024 – the fourth largest owner in Northvolt.

The shares are owned by Peter Carlsson primarily through his own company, Rocarma Consulting, writes Aftonbladet. According to the newspaper, the company reported a profit of 20.8 million kronor in 2019. In 2021, it was about 172.2 million kronor.

Northvolt announced on Friday that Peter Carlsson is leaving as CEO of the company, the day after applying for reconstruction in the USA.

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

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