Pod Point Says Deadline for Takeover Talks With EDF Extended

Dow Jones

05-22

By Maitane Sardon

Pod Point Group said Thursday that the deadline for EDF to make an official offer to fully take over the group was extended and that the publication of its full-year results was delayed as a result of continuing negotiations.

The electric-vehicle charging company said the French electric utility, which already owns about 53% of Pod Point, has until June 6 to decide whether to make a full offer for the company. EDF is considering buying the other half of Pod Point for 6.5 pence a share in cash.

Due to the negotiations, Pod Point said it has delayed the publication of its full-year results until early June 2025. Trading in Pod Point's shares, which has been paused since May 1, will likely resume once the results are out in early June, the company added.

Write to Maitane Sardon at maitane.sardon@wsj.com

(END) Dow Jones Newswires

May 22, 2025 06:01 ET (10:01 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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