By Josh Beckerman
Shares of TPG Pace Beneficial Finance Corp., a blank-check company formed by TPG, rose 116% after hours as it agreed to merge with EVBox Group, which focuses on electric vehicle charging.
EVBox Group is now part of Engie SA, which will retain a stake of more than 40%. TPG Pace Beneficial Finance said the transaction values EVBox at an implied $969 million enterprise value.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
12-10-20 1830ET