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U.K.’s Giant Battery Factory Developer Looks for a SPAC Deal
- Britishvolt names Barclays and Guggenheim as advisers
- Head of key $3.6 billion project comments in interview
Electric automobiles parked in the Westminster district, during the launch of the Society of Motors Manufacturers and Traders (SMMT) Electrified 2021 Virtual Summit, in London.
Photographer: Jason Alden/BloombergThis article is for subscribers only.
Britishvolt Ltd., the developer of the first giant battery factory in the U.K., is considering going public.
The company has appointed Guggenheim Securities LLC and Barclays Plc as advisers to look into options including listing in the U.S. through a merger with a special purpose acquisition company, or SPAC, Orral Nadjari, founder and chief executive officer of Britishvolt, said in an interview. The deal could be announced as soon as the end of this quarter, he said.