Copec and Iberdrola-backed EV charger producer Wallbox is set to receive a New York Stock Exchange listing through the transaction.

Wallbox, a Spain-headquartered vehicle charging technology provider backed by energy utility Iberdrola and oil and gas supplier Copec, agreed a reverse takeover with special purpose acquisition company (SPAC) Kensington Capital Acquisition Corp II yesterday. The deal will value the merged business at $1.5bn and it will take the New York Stock Exchange spot secured by…

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