VivoPower And Future Automotive Solutions And Technologies Pro Forma $1.13B Merged Entity To Headquarter In UK To Qualify For $21B Government Clean Energy Investment Programmes
Portfolio Pulse from Benzinga Newsdesk
VivoPower and Future Automotive Solutions and Technologies are merging to form a $1.13 billion entity headquartered in the UK, aiming to benefit from the UK's $21 billion clean energy investment programs. The UK government is prioritizing green hydrogen sector investments.
September 25, 2024 | 8:22 pm
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VivoPower is merging with Future Automotive Solutions to form a $1.13 billion entity, headquartered in the UK to leverage $21 billion in government clean energy investments, focusing on green hydrogen.
The merger positions VivoPower to benefit from significant UK government investments in clean energy, particularly in the green hydrogen sector, which is a priority for the UK. This strategic move is likely to positively impact VVPR's stock price in the short term.
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