VivoPower climbs on unit sale

VivoPower

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
 ;))