VivoPower climbs on unit sale
29/04/2024 13:42
** Shares of power infrastructure developer VivoPower
VVPR.O up 3% to $3.75 in premarket trade
** VivoPower to sell one of its non-core business units,
Kenshaw Electrical to ARA Group Ltd, an industrial services
group based in Australia
** VivoPower will receive about A$5 million ($3.28
million)in total consideration and the sale is expected to be
completed on July 1
** VVPR up ~89% YTD
($1 = 1.5228 Australian dollars)
(Reporting by Arunima Kumar in Bengaluru)
((Arunima.Kumar@thomsonreuters.com; Twitter: https://twitter.com/Aru_Kumar94
;))
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