On Monday 30 June the factory will close. But some staff will remain there, states the bankruptcy receiver Mikael Kubu.
We have written several articles about Northvolt’s enormous debt. As early as back in autumn 2024, several months prior to the bankruptcy, the battery manufacturer in crisis had hundreds of injunctions to pay piling up at the Swedish Enforcement Authority.
Since then the mountain of debt has just kept growing.
The debt in the bankrupt companies Northvolt Ett and Northvolt AB now amounts to a total of more than SEK 80 billion, reports SVT who has read the bankruptcy estate notes.
The assets of the companies are valued at just short of SEK 2.4 billion.
According to SVT the trade accounts payable amount to SEK 6 billion. The Tax Agency has outstanding claims of SEK 700 million. Northvolt Ett has a debt of SEK 18 billion with a bank syndicate where Swedbank is the collateral agent, writes SVT. The American advisors that were hired for Northvolt’s reorganisation application in the USA are stated to have a SEK 300 million claim against the bankruptcy estate.
On Monday 30 June Northvolt Ett in Skellefteå will close. But staff will be on location after that date as well, says bankruptcy receiver Mikael Kubu to SVT. The disassembling of the facility has not started yet but is expected to take more than two years if that is the decided route.
As we have previously reported, the likelihood of a successful sale of Northvolt has diminished. But Mikael Kubu still nourishes a hope that it will happen:
– You could say that one interested party has dropped out and another one has been added, he told Norran on 10 June.
We have tried to reach Mikael Kubu for a comment.