Italy's IP and Macquarie create JV to install EV charging stations

Reuters

5 October 2023 at 7:51 am

MILAN (Reuters) - Italian petrol pumps group IP and Macquarie Capital said on Thursday they would create a joint venture to install charging stations for electric vehicles (EV) in 510 IP service areas across Italy.

The stations will allow EV users to recharge their vehicles in about 15 minutes, the two companies said in a statement.

Mediobanca acted as the sole advisor for the deal, the statement added.

(Reporting by Elisa Anzolin, editing by Alvise Armellini)

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