ET 15:38

Stock: Vince Energy Group (VGE) CEO Borrows £17.5M for Divorce Settlement

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[Para 1: The Lead] Vince Energy Group (VGE), led by entrepreneur Dale Vince, has secured a £17.5 million interest-free loan from its Green Britain Group to settle a divorce, as per recent financial disclosures. The move comes after a court-ordered settlement of £43.51 million last year. [Para 2-3: Supporting details & Context] The loan, taken on 2026-02-03, underscores Vince's financial stability despite the legal costs. Vince Energy Group, known for its wind farm operations and Ecotricity, reported a 21% increase in turnover to £551.9 million in the fiscal year ending April 30, 2025. Pre-tax profits surged to £10.4 million, reflecting robust growth. However, the company warned of rising operational costs due to regulatory changes and compliance requirements, impacting customer prices.

EditorTan Wei Jie