Denmark’s biggest pension fund, ATP, has marked down the value of its $6 billion unlisted assets portfolio as a result of its stake in cash-strapped battery maker Northvolt AB, according to a person familiar with the matter.
The asset manager, which has so far invested 2.3 billion kroner ($335 million) in Northvolt and has a 5% holding, said it had booked “extraordinary writedowns in private equity,” as part of its third-quarter report on Wednesday.
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Publish date : 2024-10-31 06:01:00
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