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Northvolt: here's the behind the scenes of the record land purchase

Summary by Radio-Canada
How could land purchased for 20 million dollars in 2015 be sold for 240 million dollars in 2023? This is the question that everyone has been asking since the Swedish company Northvolt acquired it with a $240 million loan from the Quebec government. Thanks to several sources in the case, Radio-Canada learned that Quebec and Northvolt misestimated the cost of the land and underestimated the bargaining power of the investor Luc Poirier.

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  • 100% of the sources lean Left
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Radio-Canada broke the news in Montreal, Canada on Wednesday, November 29, 2023.
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