Lenders to the crisis-stricken battery manufacturer Northvolt have now hired the investment bank PTJ Partners. The investment bank will provide advice on various scenarios that may arise due to the worsening liquidity problems at Northvolt, according to information to the news agency Bloomberg.
PTJ Partners will work together with the law firm Milbank, which is already an advisor to the lenders.
The economic situation for Northvolt is reportedly acute and a total stop for all expenses has been introduced, according to media reports.
Last week, the battery manufacturer announced a range of cost-cutting measures, including staff reductions.
