VivoPower is pleased to update that it is in advanced bilateral negotiations with Energi Holdings Limited (Energi) in relation to its unsolicited non-binding takeover proposal. Energi is an Abu Dhabi-headquartered energy solutions company established in 2014 with US$1 billion of revenues and offices in the Middle East, Africa, South Asia, Europe, and Southeast Asia (www.energi.ae).
The unsolicited takeover proposal is an all-cash offer for all non-affiliated free float shares of VivoPower at an enterprise value of US$120 million and is subject to due diligence.
The VivoPower board and Energi have agreed to complete negotiations on price, terms and conditions before April 2, 2025. VivoPower’s board will accordingly provide a further update to the market.
To read our full press release, and to keep up with all of VivoPower’s releases, visit our Press Releases page.
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