Northvolt Close To Choosing Site Near Montreal For $5.3 Billion “Green” Battery Factory
, in its sleuthing of official records, did discover that Cuberg is pursuing its own lobbying activities.
It’s probably just a coincidence — or maybe not — that just a few days ago, the Investment Management Corporation of Ontario, a pension management firm, invested $400 million into Northvolt, which will help it expand production of lithium-ion batteries ahead of a possible initial public offering., IMCO manages more than $73 billion in assets, including stocks, bonds, real estate, infrastructure, and private equity.
“Northvolt really fits with a lot of the trends we are trying to invest in,” Rossitsa Stoyanova, IMCO’s Chief Investment Officer, said in an interview, referring to themes including the transition to a lower-carbon economy and the restructuring of global supply chains. “Whether goes public or stays private, we’ve done our homework and we are happy with the investment.
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