Britishvolt: Australian firm bids to save battery company

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Australian firm bids to save battery company Britishvolt

Recharge is already understood to be planning a similar electric car battery plant in Geelong, near Melbourne.

A takeover of Britishvolt would make "strategic sense," according to David Collard, Scale Facilitation's founder and chief executive. "Strengthening our friends in the UK, especially when most others are kicking them when they're down, is in our interest and definitely in the spirit of Aukus ."At the time, Dan Hurd, a partner at EY, said it would explore options for a sale of the business and assets.

 

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Australian battery company signals plan to bid for Britishvolt\n\t\t\tExclusive scoops\n\t\t\tSmart data to help spot risk and opportunity\n\t\t\tAnalysis of broader trends in M&A\n\t\t\tLex, our agenda-setting business commentary (Premium only)\n\t\t\tDue Diligence, an exclusive M&A newsletter (Premium only)\n\t\t Bid by Australian startup Recharge could revive UK battery company Britishvolt . Will the British taxpayers get the grant money back? Wasn't it £100m+? 😬
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