EV charging network Allego to open 120 fast-charging stations in Europe

Europe-based electric-vehicle charging network Allego Holdings B.V. announced Friday an expanded partnership with hotel group Van der Valk VDC in which the companies will open 120 new fast-charging EV stations at more than 50 hotels across the Netherlands and Belgium. Allego is set to go public in the coming months through a merger, announced in July, with special purpose acquisition company (SPAC) Spartan Acquisition Corp. III , in a deal valued at $3.14 billion. Once the deal is completed, Allego shares will trade on the NYSE under the ticker symbol "ALLG." Under terms of the expanded partnership with Van der Valk, Allego said at least 60 "ultra-fast" chargers, ranging from 150 kW to 300 kW, and 60 "fast chargers" of 50 kW, will be installed at different locations. Spartan Acquisition Corp. III's stock, which is still inactive in premarket trading, has tacked on 1.8% over the past three months, virtually the same as the S&P 500's gain. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

EV charging network Allego to open 120 fast-charging stations in Europe
Europe-based electric-vehicle charging network Allego Holdings B.V. announced Friday an expanded partnership with hotel group Van der Valk VDC in which the companies will open 120 new fast-charging EV stations at more than 50 hotels across the Netherlands and Belgium. Allego is set to go public in the coming months through a merger, announced in July, with special purpose acquisition company (SPAC) Spartan Acquisition Corp. III , in a deal valued at $3.14 billion. Once the deal is completed, Allego shares will trade on the NYSE under the ticker symbol "ALLG." Under terms of the expanded partnership with Van der Valk, Allego said at least 60 "ultra-fast" chargers, ranging from 150 kW to 300 kW, and 60 "fast chargers" of 50 kW, will be installed at different locations. Spartan Acquisition Corp. III's stock, which is still inactive in premarket trading, has tacked on 1.8% over the past three months, virtually the same as the S&P 500's gain. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.