Announced
Completed
Financials
Sources
Tags
United Kingdom
power transmission
power interconnectors
Alternative Electricity
Acquisition
Private Equity
De-SPAC
Merger
Reverse Takeover
Friendly
Single Bidder
Cross Border
Completed
Private
Synopsis
Global InterConnection Group, a platform for the manufacturing, development, operation, and ownership of interconnectors and other power transmission assets, went public via a merger with Disruptive Capital Acquisition Company, a special purpose acquisition company, in a £176.5m deal. “We are delighted to have listed Global InterConnection Group on Euronext. Armed with the greater profile and access to capital markets afforded by a listing, we believe we are wellpositioned to execute on our strategy to build Global InterConnection Group into a world-leading interconnection player. Governments and grid operators are realising that international grid interconnectivity is essential to both energy security and energy transition, and Global InterConnection Group plans to facilitate it through the provision of high voltage cable, capital, and expertise. The team, standing on the shoulders of our expert partners, have overseen the planning, construction and operations of virtually all of the European interconnectors in the last decade." Edmund Truell, Global InterConnection Group Executive Chairman.
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