FRANKFURT (Reuters) - Royal Dutch Shell and Renault are among those interested in taking a stake in electric vehicle (EV) charging group Ionity, two people familiar with the matter said. Final bids for the 20%-25% stake, which is valued at 400 million euros to 500 million euros ($475-$594 million), are due in July, one of the sources said. The sources asked not to be named because they are not authorized to talk to the press on the issue. Shell and Renault, which is scheduled to present its updated EV strategy on June 30, declined to comment. In 2017, Shell and Ionity signed an agreement to build fast-charging points in 10 European countries.

Source: The Star June 29, 2021 16:52 UTC