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

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