VivoPower gains on Ripple Labs joint venture deal
12/12/2025 15:30
** Shares of power infrastructure developer VivoPower VVPR.O jump 13.7% to $2.89 as it announces a joint venture with South Korea's Lean Ventures to invest in Ripple Labs ** The partnership includes the establishment of a dedicated investment vehicle aiming to acquire $300 million worth of Ripple Labs preferred shares ** VVPR projects a net economic return of $75 million over three years from management fees and performance carry under the agreement ** Co says it is in the final stages of due diligence on this transaction ** Including session's moves, VVPR up 115.8% YTD (Reporting by Sumit Saha in Bengaluru) ((Sumit.Saha@thomsonreuters.com;))
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