Bloomberg
U.K.’s Giant Battery Factory Developer Looks for a SPAC Deal
(Bloomberg) — 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.It’s the first time the company has talked in detail about its plans to finance the 2.6 billion-pound ($3.6 billion) project that will play a central role in delivering Prime Minister Boris Johnson’s green plan. The U.K. has banned…
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