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Electric-Vehicle Charging Firm Pod Point Plans IPO in London

  • Legal & General to pare stake in provider of EV charging bays
  • Listing comes with demand surging amid an electric-car boom
relates to Electric-Vehicle Charging Firm Pod Point Plans IPO in London

Source: EDF

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Electric-vehicle charging infrastructure provider Pod Point, which is backed by Electricite de France SA, plans an initial public offering in London as ambitious carbon emission targets in Europe drive a push toward cleaner transportation.

Pod Point will sell new shares in the IPO to finance its expansion, while some employees and investment firm Legal & General Group Plc plan to sell existing stock as well, according to a statement Monday. EDF will retain a majority stake, according to the statement.