RE: OZ CLOSED UP 3.53 %18 Sep 2020 09:48
Pending finalization of due diligence and negotiations, the EIB’s financing commitment is foreseen to be EUR 350 million
The European Investment Bank has given its in-principle agreement to support the financing of Europe’s first home-grown gigafactory for lithium-ion battery cells, Northvolt Ett, in Sweden. Upon conclusion of a loan agreement, the financing would be supported by the European Fund for Strategic Investments (EFSI), the main pillar of the Investment Plan for Europe.
I suspect Sid we will get this sort of news B4 Xmas too the above figure is just shy of our capex requirement