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  "docSlug": "4ee8cca82f1a",
  "documentTitle": "Oatly Group AB (OTLY)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Ben Axler",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2021-07-14 00:00:00",
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  "pageNumber": 74,
  "pageCount": 124,
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      "kind": "callout",
      "text": "Warning: Oatly paid $9.7m for its Millville, NJ (land, structures, equipment and services) when the previous owner paid just $637,500 for the identical facility (land and structures). Spruce Point believes that technically, Oatly should have bifurcated the purchase between: 1) The land and structures, 2) An asset purchase for the equipment, and 3) Procurement of services.",
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      "kind": "callout",
      "text": "Oatly paid $9.7m for its Millville, NJ (land, structures, equipment and services) when the previous owner paid just $637,500 for the identical facility (land and structures).",
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      "text": "Prior Owner Deed (Feb 2018): $637,500",
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      "text": "Oatly (Sept 2019): $9,777,229.52",
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      "kind": "source-note",
      "text": "Source: Cumberland County property records. Note: Oatly was granted under a reciprocal easement for 2.824 acres and a 50 foot wide access easement of 0.47 acres, Block 581 Lot 1.01",
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      "kind": "title",
      "text": "Capex Procured In A Non-Transparent Fashion Through Bundling",
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