Total to Acquire EV Charging Network in London
29 Settembre 2020 - 9:20AM
Dow Jones News
By Olivia Bugault
Total SE said Tuesday that it is acquiring electric-vehicle
charging network Source London from Bollore SE.
"With this transaction, Total is taking over the management and
operation of Source London, the largest electric vehicle charging
network citywide, which includes more than 1,600 on-street charge
points," the French oil-and-gas company said.
Total said it expects the transaction to close by the end of the
year.
The London charging network will be powered with electricity
that will be 100% from renewable sources and supplied by its
subsidiary Total Gas & Power Ltd, it said.
The Source London network currently represents more than half of
the charge points in operation in London and will help Total meet
its ambition to operate more than 150,000 electric-vehicle charge
points by 2025, it said.
Write to Olivia Bugault at olivia.bugault@wsj.com
(END) Dow Jones Newswires
September 29, 2020 03:05 ET (07:05 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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