EDF: Pod Point subsidiary to be floated on LSE
(CercleFinance.com) - EDF said on Monday that it wanted to list its British subsidiary, Pod Point, which is specialised in EV charging, on the London Stock Exchange (LSE).
The deal will enable Pod Point, which EDDF bought last year, to invest in the development of its network, the installation of new stations and the development of its technology, it said in a notice.
Founded in 2009 by Erik Fairbairn - who still heads the company - Pod Point designs charging infrastructure for electric vehicles.
To date, the company has deployed more than 89,000 home charging stations and 13,000 stations in locations such as business parks and tourist attractions.
Its installations are compatible with all types of electric vehicles.
The idea would be to float 25% of the capital on the stockmarket, with EDF retaining a majority stake of 50% in the company.
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