Leading global law firm, Baker McKenzie, is advising Barclays Bank PLC as financial advisor to EDF Energy Customers Limited on the recommended cash offer for Pod Point Group Holdings PLC (“Pod Point”), announced on 12 June 2025.
The recommended acquisition of Pod Point will be made by EDF Energy Customers Limited (“EDF”) which already held 53% of the issued share capital of Pod Point.
Under the terms of the acquisition, each Pod Point shareholder will be entitled 6.5 pence in cash for each Pod Point share held, representing a 24% premium to the closing price of the Pod Point shares on 23 April 2025, being the last trading day prior to the commencement of the Offer Period.
EDF supports the UK in achieving its net zero ambitions by leading the transition to a cleaner, low emission, electric future and tackling climate change. It is the UK's largest producer of zero carbon electricity and supplies millions of customers with electricity and gas.
Pod Point is a pioneer in the EV charging industry, having launched in 2009, and since demonstrating a consistent track record of innovation in both the EV charging space and, more recently, in Energy Flex, becoming the first EV charging company to access both the wholesale and capacity markets. Pod Point is one of the leading providers of EV charging solutions in the UK, with a network of over 250,000 chargers, a highly regarded consumer brand and a broad set of deep commercial relationships with OEMs, housebuilders and leasing and fleet companies.
The Baker McKenzie team was led by Corporate Partner James Thompson with support from Senior Associate Cristina Brown (Corporate) and Associate Akshay Prasad (Corporate) in London.