Norway: Electrovaya ups MBG stake to 99.6%

Electrovaya has agreed to increase its position from 78.1% to 99.6% of the shares of Miljøbil Grenland AS (MBG). MBG is based in Porsgrunn, Norway. Earlier this month Electrovaya acquired 71.6% of the shares of MBG, bringing its shareholding to 78.1%. MBG is a battery integrator with more than US$30m invested Subscribe to Automotive World … Continued

• By Webmaster
• September 14, 2012