Pod Point valued at £10.6m as EDF set to takeover Transport and infrastructure Struggling Pod Point is to be taken over by France’s EDF in a deal that values the company at just £10.6m. The London-listed chargepoint provider had a market capitalisation of £352m when it began trading on the stock exchange in 2021. EDF will take full control of the group via the transaction, having previously held [...]
Pod Point shares to be temporarily suspended as EDF steps in Business Shares in one of the UK’s largest EV chargepoint companies are to be temporarily suspended as its French majority shareholder steps in to takeover the entire business. Struggling Pod Point said on Thursday it had received conditional proposal from EDF Energy, currently a 53 per cent shareholder, for its entire share capital. The non-binding offer, [...]
Losses at Pod Point deepen amid wider tail-off in electric vehicle sector energy Falling revenue at Pod Point led the electric vehicle (EV) charger provider to post larger losses in 2023, according to its full-year results.