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New Deal


Announced

Korea Zinc to invest $50m in Energy Vault.

Financials

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Transaction Value£37m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Minority

Single Bidder

Pending

Acquisition

Private

Cross Border

Renewable Energy Equipment

renewable energy equipment

Switzerland

Friendly

Synopsis

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Korea Zinc, an electric services company, agreed to invest $50m in Energy Vault, the company developing sustainable, grid-scale energy storage solutions. "Energy Vault’s innovative storage technology and energy management software platform can play a key role in enabling and accelerating our decarbonization strategy as we enhance our ability to power our operations with renewable energy," Yun B. Choi, Korea Zinc Vice Chairman.

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