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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| TPG Pace Beneficial Finance Corp | NYSE:TPGY | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 10.04 | 0 | 00:00:00 |
From Jan 2020 to Jan 2025
By Josh Beckerman
EVBox Group, an electric vehicle charging products company owned by Engie SA, agreed to merge with a blank-check company formed by TPG.
TPG Pace Beneficial Finance said the transaction values EVBox at an implied $969 million enterprise value. The blank-check company's shares were up 110% after hours to $23.34.
Engie will retain a stake of more than 40%.
A $225 million private placement at closing will include participation from BlackRock Inc., Inclusive Capital Partners, Neuberger Berman Funds and Wellington Management.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
December 10, 2020 19:03 ET (00:03 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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