BRIEF-Innovation Beverage Group Enters Into Definitive Merger Agreement With Blockfuel Energy, Inc.

Reuters10-15

Oct 15 (Reuters) - Innovation Beverage Group Ltd IBG.O:

INNOVATION BEVERAGE GROUP ENTERS INTO DEFINITIVE MERGER AGREEMENT WITH BLOCKFUEL ENERGY, INC.
INNOVATION BEVERAGE GROUP LTD - COMBINED ENTITY VALUATION EXPECTED BETWEEN $220M-$343M
INNOVATION BEVERAGE GROUP LTD - DANIEL LANSKEY TO BE APPOINTED CHAIRMAN AND CEO OF COMBINED CO
INNOVATION BEVERAGE GROUP LTD - SAHIL BERI TO RESIGN AS IBG CEO AND BECOME PRESIDENT
INNOVATION BEVERAGE GROUP LTD - DEAL EXPECTED TO CLOSE IN Q4 & WILL TRADE ON NASDAQ UNDER TICKER 'FUEL'

Source text: ID:nGNX65Zrv4

Further company coverage: IBG.O

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