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Volta Trucks is preparing to buy out its main creditor – Tidningen PROFFS

Volta Trucks is preparing to buy out its main creditor – Tidningen PROFFS

After bankruptcy, according to sources, Volta Tax is investing in buying out major creditors. One of Volta Trucks’ largest creditors is believed to be in advanced discussions to buy the British company out of administration.

Provos newspaper followed the development of Volta Trucks and also reported that the company had gone bankrupt.

Volta officialMarcel & Alvarez declined to comment on rumors of a continuing takeover by creditors, but Sky News reported that New York-based Luxor Capital Group is close to a deal to buy the company and save hundreds of jobs.

According to Sky News An agreement should be reached soon, although sources also warned that the timeline could change. In October, Alvarez & Marcel said it was looking for a potential buyer for the electric car maker to secure its future.

Volta Trucks It said it faced challenges from the start in 2019 and that its battery supplier’s move to file for bankruptcy had a significant impact on its manufacturing plans.

The company advanced About bankruptcy in Sweden, even though the British part of it did not enter the process until days later. Moving to the US puts 850 jobs at risk, including 600 in the UK, Motor reported. Transfer.

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