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News  ›  GlobeNewswire Inc.

VivoPower Executes $300 Million Definitive Joint Venture Agreement with South Korea-Based Lean Ventures to Acquire and Hold Ripple Labs Shares

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Vivopower International Plc
VivoPower Executes $300 Million Definitive Joint Venture Agreement with South Korea-Based Lean Ventures to Acquire and Hold Ripple Labs Shares

VivoPower's digital asset unit, Vivo Federation, entered a joint venture with Lean Ventures to acquire $300 million in Ripple Labs shares, targeting a $75 million economic return over 3 years through a dedicated investment vehicle.

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VVPR   positive

Executing strategic joint venture to gain economic exposure to Ripple Labs shares without committing own capital