SYDNEY, AUSTRALIA: Vulcan Energy has agreed to sell 8% shares in the company to Stellantis N.V for A$76M (€50M). This represents the world’s first upstream investment in a listed lithium company by a top tier automaker. Stellantis will become the second largest shareholder in Vulcan, at 8% shareholding, following issue of the fully paid ordinary…
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India’s Reliance buys battery maker Faradion for £100mn
LONDON, UK: Mercia Asset Management has signed contract for the sale of Faradion Limited for a total enterprise value of £100 million to Reliance New Energy Solar Limited, a wholly owned subsidiary of India-based Reliance Industries Limited, the multinational conglomerate. Completion of the sale of Faradion will occur once receipt of the consideration proceeds is…