Firm building UK s first gigafactory gears up to go public
Britishvolt considering options including floating in New York by merging with a special purpose acquisition company
1 April 2021 • 11:20am
The company planning Britain s first gigafactory has appointed advisers as it gears up for a stock market listing.
Britishvolt has appointed Barclays and Guggenheim Capital to examine options including floating in New York by merging with a special purpose acquisition company (Spac), said Orral Nadjari, the founder and chief executive. A deal could be announced as soon by June.
It is the first time the company has talked in detail about plans to finance the £2.6bn project to make batteries for electric vehicles that will play a central role in delivering prime minister Boris Johnson’s green agenda.
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