EDF Acquires EV Charging Company Pod Point
13 Febbraio 2020 - 07:14PM
Dow Jones News
By Mauro Orru
Electricite de France SA said Thursday that it has acquired
electric-vehicle charging company Pod Point in the U.K.
The French utility company didn't disclose the value of the deal
but said it carried out the acquisition in a joint venture with
Legal & General Capital, which will own a stake of roughly 23%
in Pod Point.
EDF said the acquisition is its "largest investment in the EV
market and forms part of its plan to become the leading energy
company for electric mobility in France, the U.K., Italy and
Belgium."
Pod Point operates 62,000 charging points in the U.K. and an
additional 6,600 in Norway.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
February 13, 2020 12:59 ET (17:59 GMT)
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