Challenger Acquisitions offered to acquire a 50.1% stake in Cindrigo Energy, a renewable energy company, for c. £160m. "The making of the Offer is a substantial step forward for the Company. We will now work directly with Cindrigo on completing this transaction. We want to express our deep gratitude to George Lucan and Rupert Baring for their endless support during this reverse takeover process," Mark Gustafson, Challenger CEO.