Versarien (GB:VRS) has released an update.
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Versarien plc has announced the conversion of a €1.45m loan into shares in subsidiary Gnanomat S.L., increasing its stake from 62% to 90%. This strategic move enables Gnanomat to pursue local grant funding in Madrid for a project on next generation energy storage devices, which aligns with Versarien’s growth and innovation strategy.
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