TPG Pace Beneficial Finance Surges 116% After Hours on EVBox Deal
By Josh Beckerman
Shares of TPG Pace Beneficial Finance Corp., a blank-check
company formed by TPG, rose 116% after hours as it agreed to merge
with EVBox Group, which focuses on electric vehicle charging.
EVBox Group is now part of Engie SA, which will retain a stake
of more than 40%. TPG Pace Beneficial Finance said the transaction
values EVBox at an implied $969 million enterprise value.
Write to Josh Beckerman at firstname.lastname@example.org
(END) Dow Jones Newswires
December 10, 2020 18:30 ET (23:30 GMT)
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