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Goldman on hook for nearly $900M loss on Northvolt stake

Seeking Alpha on MSN · 1d

Goldman on the hook for nearly $900M loss on Northvolt stake: report

Goldman Sachs (NYSE:GS) will take a nearly $900M hit after Swedish EV battery maker Northvolt filed for chapter 11 bankruptcy protection in the US earlier this week, the Financial Times reported Saturday,

Goldman funds to take $900 million hit on Northvolt, FT reports

Funds managed by Goldman Sachs will write off nearly $900 million after Swedish lithium-ion battery producer Northvolt filed for Chapter 11 bankruptcy earlier this week, Britain's Financial Times reported on Saturday.

The Financial Times · 2h

Goldman’s $900mn hit

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bnnbloomberg · 23h

Goldman Funds Take $900 Million Hit on Northvolt, FT Says

Funds managed by Goldman Sachs Asset Management are set to write off almost $900 million on investments in Swedish battery maker Northvolt AB, which filed for bankruptcy protection this week, the Financial Times reported,

Bloomberg L.P. · 1d

Goldman Funds Take $900 Million Hit on Northvolt Stake, FT Says

Funds managed by Goldman Sachs Asset Management are set to write off almost $900 million on investments in Swedish battery maker Northvolt AB, which filed for bankruptcy protection this week, the Financial Times reported,

1don MSN

An EV-battery maker that raised $15 billion from investors including Goldman Sachs filed for bankruptcy protection after almost running out of cash

Northvolt has struggled to boost production at its Swedish battery factory and recently announced 1,600 layoffs amid weak ...

1hon MSN

Goldman Sachs Shares Continue To Zoom Despite Taking A ₹7,500 Crore Hit After Northvolt Files For Bankruptcy

Goldman Sachs is one of America's and the world's most renowned financial institutions, with a reputation and credibility ...

The Jakarta Post1h

Northvolt crisis may be make or break for Europe's EV battery ambitions

The Swedish company, whose motto is "make oil history", has received more than $10 billion in equity, debt and public ...

1d

Goldman Sachs takes $1.4b hit on green battery investment

The US bank is the second-largest shareholder in Swedish battery maker Northvolt which has filed for Chapter 11 bankruptcy.

Yahoo Finance1d

German minister 'cautiously optimistic' about battery firm Northvolt

Northvolt filed for bankruptcy on Thursday in the United ... So too is the US investment bank Goldman Sachs.

2d

Northvolt CEO steps down, saying group needs up to $1.2 billion

Northvolt's CEO and co-founder Peter Carlsson stepped down on Friday, a day after Europe's biggest hope for an electric ...

2d

Northvolt CEO resigns as battery maker starts multibillion-dollar restructuring

Stockholm-based company pinning recovery hopes partly on Quebec plant as court-monitored restructuring process begins ...

5h

Northvolt’s Collapse Countdown Started With BMW Pulling the Plug

For Northvolt AB, the Swedish startup that became a poster child for Europe’s electric-driving future, the route to collapse ...

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