Aim-listed Bushveld Minerals’ 84%-owned subsidiary Bushveld Energy has entered into a conditional agreement to sell its entire 50.5% interest in Vanadium Redox Flow Batteries Holdings (VRFB-H) to special purpose acquisition company Mustang Energy.
VRFB-H’s main asset is a 50% interest in Enerox Holdings, which, in turn, holds the entire issued share capital of Enerox, an Austria-based vanadium redox flow battery manufacturer.
