Mustang Energy PLC - London-based special purpose acquisition company focused on energy storage and stationary battery assets - Receives approval of the Federal Ministry of Labour & Economic Affairs of the Austrian government regarding the proposed change of control of Enerox Holdings Ltd, the owner of the CellCube brand, an energy storage system. In mid-April, it entered into a conditional agreement with Garnet Commerce Ltd and VRFB Holdings Ltd under which VRFB Holdings has agreed to acquire Garnet's 50% interest in Enerox. The total consideration to Garnet for its shareholding in Enerox is USD33.2 million.
Current stock price: 30.60 pence
By Greg Rosenvinge, Alliance News reporter
Comments and questions to newsroom@alliancenews.com
Copyright 2023 Alliance News Ltd. All Rights Reserved.
Mustang Energy (MUST)