03
Nov
16:25
Polestar secures liquidity with $1.6 billion loan from shareholders
Swedish all-electric performance car brand Polestar announced Thursday it has secured $1.6 billion financing support from its two major shareholders, Kallanish reports.
Volvo Cars is providing an $800 million, 18-month loan. The deal comes with an equity conversion option, which would enable Volvo to increase its 48.3% stake in the company. This loan amount is also on par with the direct and indirect financial and liquidity support that Polestar’s other maj…
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Very good overview of the weekly steel market.
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