(Alliance News) - Pod Point has hired former Imperial Brands PLC chief executive Gareth Davis as non-executive chair as it plans an initial public offering, Sky News reported on Monday.
The appointment could be announced in the coming weeks, Sky reported, without saying where it got the information from.
Pod Point, an electric vehicle charging network, is hoping to become a public company this year after appointing Bank of America Corp and Barclays PLC to oversee its IPO plans, according to the report.
The firm could also public through a merger with a US special purpose acquisition company. Majority owner Electricite de France SA is expected to keep a large stake after a flotation.
Pod Point, which has nearly 4,000 charging points across the UK, is looking to gain from rising demand for electric vehicles.
On Monday, the UK energy regulator Ofgem said it will invest GBP300 million in charging points.
https://news.sky.com/story/pod-point-hires-city-grandee-davis-to-add-spark-to-london-float-12315758
By Ivan Edwards; ivanedwards@alliancenews.com
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Barclays (BARC)
Imperial Brands (IMB)