Allego Expands Strategic Partnership With Germany's ATU - Read Why

  • Allego NV ALLG has entered into a strategic partnership with ATU, a German automotive service provider, for EV charging infrastructure.
  • The project is expected to begin in 2022. The partnership provides for installing fast-charging stations at 400 ATU stores totaling around 900 charging points.
  • Allego is investing a mid-double-digit million sum for this purpose, and ATU will provide the locations for the charging stations.
  • Price Action: ALLG shares are trading lower by 4.62% at $8.25 on the last check Tuesday.
Market News and Data brought to you by Benzinga APIs
Posted In: NewsContractsBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!