Former BP chief executive Tony Hayward is plotting the flotation of a new blank-check company that will seek to capitalise on booming investor appetite for companies exposed to the world’s multi-trillion dollar shift to cleaner energy, Sky News reports.
Hayward is in advanced talks to list Energy Transition Partners, a new SPAC, on the Euronext Amsterdam stock exchange.
Hayward, who left BP in the wake of the Deepwater Horizon disaster in the Gulf of Mexico in 2010, hopes to raise €175 million ($208.25 million) from investors to provide Energy Transition Partners with its initial funding. The SPAC would then seek to identify a company with significant growth potential in sectors such as battery storage or electric vehicle charging. Read more.
