Extract from M&A Insights

The below story was originally featured in our daily M&A Insights Newsletter. Selected stories, including this one, are posted to our website with some weeks of delay.
NorthVolt to raise SEK 123m from government-owned Vattenfall
January 7, 2019

NorthVolt AB manufactures batteries including lithium-ion batteries for the renewable energy and transport sector. Now, NorthVolt receives a SEK 123m investment from Vattenfall and Harald Mix’s investment company Vargas. In 2017, NorthVolt reported sales of SEK 27.5m with EBIT of SEK -44m. The company’s goal is to build Europe’s largest lithium-ion battery factory.

ⓘ This story was originally featured in our daily M&A Insights newsletter.
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