SC 13G/A

NAMES OF REPORTING PERSONS

BXG Redhawk S.à r.l.

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a) ☐ (b) ☒

SEC USE ONLY

CITIZENSHIP OR PLACE OF ORGANIZATION

Luxembourg

SC 13G/A 1 d420633dsc13ga.htm SC 13G/A SC 13G/A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. 1)*

Oatly Group AB

(Name of Issuer)

Ordinary shares, par value $0.00018 (SEK 0.0015) per share

(Title of Class of Securities)

67421J108**

(CUSIP Number)

December 31, 2022

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d-1(b)

☐ Rule 13d-1(c)

☒ Rule 13d-1(d)

*	The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

**	This CUSIP number applies to the Issuer’s American Depositary Shares, evidenced by American Depositary Receipts, each representing one ordinary share of the Issuer.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

CUSIP No. 67421J108

CUSIP No. 67421J108

CUSIP No. 67421J108

CUSIP No. 67421J108

CUSIP No. 67421J108

CUSIP No. 67421J108

CUSIP No. 67421J108

CUSIP No. 67421J108

CUSIP No. 67421J108

CUSIP No. 67421J108

CUSIP No. 67421J108

CUSIP No. 67421J108

Item 1(a).

Name of Issuer

Oatly Group AB (the “Issuer”)

Item 1(b).

Address of Issuer’s Principal Executive Office

Jagaregatan 4

211 19 Malmö

Sweden

Item 2(a).

Name of Person Filing

Item 2(b).

Address of Principal Business Office

Item 2(c).

Citizenship

Each of the following is hereinafter individually referred to as a “Reporting Person” and collectively as the “Reporting Persons.” This statement is filed on behalf of:

(i)

BXG Redhawk S.à r.l.

c/o Blackstone Inc.

345 Park Avenue

New York, NY 10154

Citizenship: Luxembourg

(ii)

BXG SPV ESC (CYM) L.P.

c/o Blackstone Inc.

345 Park Avenue

New York, NY 10154

Citizenship: Cayman Islands

(iii)

BXG Redhawk Holdings (CYM) L.P.

c/o Blackstone Inc.

345 Park Avenue

New York, NY 10154

Citizenship: Cayman Islands

(iv)

BXG Holdings Manager L.L.C.

c/o Blackstone Inc.

345 Park Avenue

New York, NY 10154

SEC Form SC 13G/A filed by Oatly Group AB (Amendment)