UK startup Britishvolt investors submit bid to rival Indonesian fund offer - FT


Reuters | Updated: 11-01-2023 23:49 IST | Created: 11-01-2023 23:49 IST
UK startup Britishvolt investors submit bid to rival Indonesian fund offer - FT

Three early investors of UK battery start-up Britishvolt have submitted an offer worth 30 million pounds ($36.38 million) to the company's board, matching the bid made by Indonesia-linked investment fund DeaLab Group, the Financial Times reported citing two people familiar with the matter.

Britishvolt did not immediately respond to a Reuters request for comment on the report while DeaLab Group could not be reached. ($1 = 0.8245 pounds)

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