COPENHAGEN (Reuters) -Northvolt's bankruptcy trustee has received an indicative bid from a foreign interested party for the company's business in Sweden, the trustee told Swedish radio on Tuesday.
Northvolt's Bankruptcy Trustee Receives Initial Bid for Swedish Operations
COPENHAGEN (Reuters) -Northvolt's bankruptcy trustee has received an indicative bid from a foreign interested party for the company's business in Sweden, the trustee told Swedish radio on Tuesday.
Northvolt filed for bankruptcy in March, making it one of Sweden's largest corporate failures and effectively ending Europe's best hope of developing a rival to challenge Chinese battery makers.
"We now have an indicative offer on the table and hope for more indicative bids," bankruptcy trustee Mikael Kubu told public broadcaster Sveriges Radio.
"We expect to receive another indicative offer during the day," he said.
Reuters was not immediately able to reach Kubu for comment.
The indicative offer covered Northvolt's battery cell factory in Skelleftea in northern Sweden and its research and development centre in Vasteras west of Stockholm, Sveriges Radio said.
Kubu in May said the Skelleftea plant planned to wind down operations by the end of June although talks with potential buyers were ongoing.
(Reporting by Stine Jacobsen in Copenhagen and Anna Ringstrom and Marie Mannes in Stockholm, editing by Louise Rasmussen, Terje Solsvik and Bernadette Baum)
