Innovation Beverage Group Ltd. Announces Acquisition of Controlling Interest in BlockFuel Energy Inc. and Execution of Amended Merger Agreement
IBG Acquires 51% stake in BlockFuel Energy as business combination nears completion Once complete, the combined entity will become a rising oil producer and power generation company with near-term production and scalable growth strategy SYDNEY, March 25, 2026 (GLOBE NEWSWIRE) -- Innovation Beverage Group Ltd ("IBG" or the "Company") (NASDAQ:IBG), an innovative developer, manufacturer, and marketer of a growing beverage portfolio of 60 formulations across 13 alcoholic and non-alcoholic brands, today announced that it has acquired a controlling interest in BlockFuel Energy Inc. ("BFE"), a Texas-based energy corporation. This transaction represents a significant milestone towards the propos
