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IN BRIEF: Mustang Energy increases stake in VRFB Holdings to 50%

Fri, 05th Aug 2022 19:38

Mustang Energy PLC - London-based special purpose acquisition company - Increased holdings in VRFB Holdings Ltd to 49.5% through acquisition of 27% stake from Acacia Resources Ltd.

VRFB is a 50% shareholder in Enerox Holding Ltd, which is a special purpose vehicle that owns Enerox GmbH, an Austrian vanadium redox flow battery manufacturer.

Mustang first picked up a 22% holding in VRFB in April 2021.

Current stock price: 30.60 pence

By Dayo Laniyan; dayolaniyan@alliancenews.com

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