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Shell unit to acquire EV charging firm Volta for about $169 mln

Summary by Ground News

Shell USA Inc. will acquire all outstanding shares of Class A common stock of Volta at $0.86 per share in cash. Volta shares, which have been trading under $1 since November, rose 0.73% following the announcement. The deal is the latest example of energy companies snapping up or investing in EV charging infrastructure.

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The Verge

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Shell is acquiring EV charging network Volta for $169 million

Gas company Shell USA is acquiring Volta, a company that owns over 3,000 destination charging stations in retail parking lots. The deal is worth $169 million as the oil conglomerate eyes more green ventures.

3 years ago·United States

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Axios

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Shell acquires Volta in EV charging expansion

The all-cash deal is valued at $169m.

3 years ago·Washington, United States

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Jalopnik

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Shell Buys EV Charging Company Volta for $169 Million

Shell, one of the biggest oil companies on the planet, has reportedly just acquired Volta, an electric vehicle charging network operator. According to Reuters, the all-cash deal is valued at about $169 million.Read more...

3 years ago

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Engadget

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Shell is buying EV charging company Volta for $169 million

Oil and gas company Shell is buying EV charging operator Volta for $169 million.

3 years ago·United States

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Reuters

Center

Shell unit to acquire EV charging firm Volta for about $169 mln

Volta Inc said on Wednesday that a unit of Shell Plc would take over the electric vehicle (EV) charging network operator in an all-cash deal valued at about $169 million.

3 years ago·United Kingdom

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