The crisis-stricken Northvolt's rescue package of around 300 million dollars, equivalent to 3.2 billion kronor, is likely to land in the country next week, reports Bloomberg, citing an anonymous source with insight into the matter.
According to the source, the final steps are taking longer than expected due to complex documentation required for the package, which involves a combination of shareholders, lenders, and customers.
The deadline for completion may still be changed.
Earlier in October, Bloomberg reported, citing an anonymous source, that the negotiations were in the final stage. The rescue package would buy the battery manufacturer time to stabilize its production and secure long-term financing.
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