The Dagens industri business newspaper last week described October 14th as an ödesdag, a “day of destiny”. If a company does not file for bankruptcy on the day a tax bill goes into default, its directors risk becoming liable to pay it themselves.
But Northvolt on Monday morning said it had paid the bill.
“We have already paid our taxes, as we said last week we would,” press spokesperson Matti Kajala told the TT news agency.
Several news agencies have previously reported that Northvolt managers have been in negotiations with lenders and investors to provide an aid package of around 200 million euros (roughly 2.3 billion kronor) to pull the company from the brink of bankruptcy.
“It’s not a secret that we’re working on a financing round. In the past few weeks we have seen significant progress, and we hope we’ll be able to share more information as soon as possible,” said Kataja.
According to Bloomberg, verbal pledges have been made to the tune of 150 million euros.
Dagens industri reported that customers may also step in to help, primarily Scania.
“We are in close dialogue with Northvolt but are not commenting further right now. We don’t want to contribute to speculations,” a Scania spokesperson told the TT newswire.
Northvolt's debts to the Swedish Enforcement Agency amount to 120 million kronor. On Tuesday, one of Northvolt's subsidiary companies responsible for the battery factory’s expansion in Skellefteå applied for bankruptcy due to Northvolt’s struggling finances.
Negotiations with the trade unions about the company’s plans to lay off around 1,600 employees in a bid to cut costs for financial sustainability are still ongoing.
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