Mustang Energy Increases Stake In VRFB Holdings To 50%

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