EDF is the UK's largest producer of zero carbon electricity and supplies millions of electricity and gas customers; before the offer it already owned 53% of Pod Point's issued share capital.
The recommended cash offer gives each Pod Point shareholder GBP 0.065 per share, valuing the minority at a 24% premium to Pod Point's closing price on 23 April 2025, the last trading day before the offer period began.
Strategically, EDF is buying a UK EV-charging platform founded in 2009 with more than 250,000 chargers and commercial relationships across OEMs, housebuilders, leasing and fleet customers, adding infrastructure aligned with its net-zero and electrification strategy.