| Item 1. | |
| (a) | Name of issuer:
Oatly Group AB |
| (b) | Address of issuer's principal executive offices:
Angfarjekajen 8, Malmo, Sweden 211 19 |
| Item 2. | |
| (a) | Name of person filing:
This Schedule 13G is filed by Platin S.a r.l., a private limited liability company incorporated under the laws of Luxembourg ("Platin"), with respect to the Ordinary Shares, par value $0.00018 per share ("Ordinary Shares"), of Oatly Group AB (the "Company") represented by American Depositary Shares ("ADSs") of the Company, which are quoted on the Nasdaq Global Select Market under the symbol "OTLY." Platin is majority owned and controlled by Olivier Goudet (together with Platin, the "Reporting Persons").
There is no CUSIP number assigned to the Ordinary Shares. The CUSIP Number 67421J207 has been assigned to the ADSs. Each ADS represents 20 Ordinary Shares. |
| (b) | Address or principal business office or, if none, residence:
40 avenue Monterey, L-2163 Luxembourg |
| (c) | Citizenship:
Luxembourg |
| (d) | Title of class of securities:
Ordinary Shares, par value $0.00018 per share |
| (e) | CUSIP No.:
67421J207 |
| Item 3. | If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: |
| (a) |  Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
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| (b) | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
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| (c) | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
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| (d) | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
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| (e) | An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
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| (f) | An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
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| (g) | A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
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| (h) | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
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| (i) | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
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| (j) | A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
|
| (k) | Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
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| | |
| Item 4. | Ownership |
| (a) | Amount beneficially owned:
Platin beneficially owns 55,400,000 Ordinary Shares. Mr. Goudet may be deemed, for purposes of Rule 13d-3 under the Exchange Act, to share with Platin the power to vote or dispose, or to direct the voting or disposition of, the 55,400,000 Ordinary Shares beneficially owned by Platin. Therefore, for the purpose of Rule 13d-3, each of such Reporting Persons may be deemed to be the beneficial owners of an aggregate of 55,400,000 Ordinary Shares. |
| (b) | Percent of class:
The Reporting Persons beneficially own 9.1% percent of the outstanding Ordinary Shares based on 606,215,420 Ordinary Shares outstanding as of June 30, 2025, as reported in the Company's Current Report on Form 6-K filed with the SEC on July 23, 2025. |
| (c) | Number of shares as to which the person has:
|
| | (i) Sole power to vote or to direct the vote:
0
|
| | (ii) Shared power to vote or to direct the vote:
55,400,000
|
| | (iii) Sole power to dispose or to direct the disposition of:
0
|
| | (iv) Shared power to dispose or to direct the disposition of:
55,400,000
|
| Item 5. | Ownership of 5 Percent or Less of a Class. |
| | |
| Item 6. | Ownership of more than 5 Percent on Behalf of Another Person. |
| |
Not Applicable
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| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. |
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Not Applicable
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| Item 8. | Identification and Classification of Members of the Group. |
| |
Not Applicable
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| Item 9. | Notice of Dissolution of Group. |
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Not Applicable
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Rule 13d-1(c)