Unsolicited takeover proposal is not hostile and from an Emirates-headquartered energy solutions group
Proposal encompasses the buyout of all non-affiliated free float shares and the privatization of VivoPower
VivoPower confirmed today that it has received an unsolicited non-binding takeover proposal from Energi Holdings Limited, 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 board members of VivoPower have acknowledged the receipt of the proposal from Energi. They are in the process of reviewing with its advisors and will provide an update to the market as soon as possible.
To read our full press release, and to keep up with all of VivoPower’s releases, visit our Press Releases page.
ContactÂ
Shareholder EnquiriesÂ
