IPO

Tony Hayward launches green energy SPAC

, Investing.com

Former BP Chief Executive Tony Hayward will lead the listing of a $175 million shell company aimed at investing in green energy projects in Europe, a bank working on the deal said on Thursday.

The SPAC named Energy Transition Partners, will list in Amsterdam and focus on investments in companies involved in efforts to decarbonise the world's energy mix, the bank said. Hayward will be chief executive of the firm.

Hayward left BP in 2010 following the Gulf of Mexico Deepwater Horizon disaster and became chairman of Glencore 

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