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Goldman, Northvolt
VW and Goldman Sachs write off Northvolt shares
Nothvolt number one and number two shareholders, namely Volkswagen and Goldman Sachs, will write down their stake in the battery maker. What does that mean for the cash-strapped company?
Goldman Funds to Take $900 Million Hit on Northvolt, FT Reports
The Goldman private equity funds, which together ranked as the second-largest shareholders in Northvolt, plan to write down their $896 million investment to zero by year end, the report said, citing letters to investors seen by the FT.
Goldman’s $900mn hit
Plus, Trump’s stock market honeymoon, Germany’s ‘debt brake’, and Francis Bacon at the National Portrait Gallery
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.
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,
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,
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,
Climate Crisis 247 on MSN
1d
Not A Bright Spark? Goldman Sachs Loses Almost $1 Billion On EV Battery Company
Goldman Sachs has a smudge on its face when it comes to electric vehicle batteries. The storied Wall Street giant was a major ...
3d
on 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 ...
Yahoo
7h
Volkswagen writes down Northvolt stake following bankruptcy filing
Volkswagen has not commented on the writedown, maintaining silence on the potential impact of
Northvolt
's filing on the ...
The Financial Times
3d
Goldman Sachs takes $900mn hit on Northvolt investment
Funds managed by
Goldman
Sachs
will write off almost $900mn after Swedish battery maker
Northvolt
filed for Chapter 11 bankruptcy this week.
Goldman
’s private equity funds have at least $896mn ...
1d
on 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 ...
1d
on MSN
Volkswagen records major writedown on its stake in battery maker Northvolt - Reuters
Volkswagen and Goldman Sachs write off stakes in Northvolt due to missed production targets, resulting in significant ...
1d
Northvolt crisis may be make or break for Europe's EV battery ambitions
Northvolt's financial collapse deals a blow to Europe's plan to set up its own battery industry to power electric cars, ...
Hosted on MSN
1d
Northvolt's bankruptcy: The end of Europe's electric dream?
It was Europe's flagship battery production. At least, it wanted to be. The Swedish company Northvolt was placed under ...
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