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Firms announce merger with goal of becoming No.1 global flow battery company

Fri, 07/26/2019 - 13:01 -- Paul Crompton
Firms announce merger with goal of becoming No.1 global flow battery company

It is ‘business as usual’ for redT following the announcement on 25 July it had agreed to a proposed merger with fellow vanadium redox flow battery company Avalon Battery Corporation.

The UK and US (respectively) companies have signed a non-binding memorandum of understanding for the merger. If approved by shareholders the deal will constitute a reverse takeover* under London Stock Exchange rules.

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