Infracapital, the infrastructure equity investment arm of M&G agreed to acquire the 63% stake in Fortum Recharge, a public charging point operator, from Fortum. Financial terms were not disclosed. After the transaction Fortum’s ownership in Recharge will be 37%. Recharge is the largest CPO in the Nordics, owning close to 1.3k public charging points and operating an additional 1.4k charging points in Norway, Finland, and Sweden. “This is a great opportunity to partner up with Infracapital, which allows us to grow Recharge substantially. For Fortum this is also a success story as it proves the value of the market leading Nordic charging services we have built over recent years. Together with Infracapital, we look forward to realising the full potential of Recharge in this high-growth sector,” Arun Aggarwal, Fortum SVP, Business Technology.