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Dec 01 2023

Luxor Capital buys UK assets of bankrupt electric truck maker Volta Trucks

LONDON, Dec 1 (Reuters) - The UK business and assets of Volta Trucks have been sold to a new unit of hedge fund Luxor Capital, which had invested heavily in the electric truck maker, the bankrupt company's administrators said on Friday.

 

The administrators said the company had been sold to Volta Commercial Vehicles Limited, without providing financial details.

 

"We're pleased to have safeguarded the future of Volta Trucks by facilitating its acquisition by Volta Commercial Vehicles Ltd," Andrea Jakes, managing director of Alvarez & Marsal and one of the administrators, said in a statement. Read more

 

Source: REUTERS