More than 2.2 gigawatts of AI data center assets and development opportunities anchor a major restructuring at VivoPower PLC (NASDAQ:VIVO, FRA:51J). The company said Monday its board has approved creating a new "AI Infrastructure Platform" to hold that portfolio, to be independently capitalized through a targeted pre-IPO round of institutional and sovereign investment, with a primary listing planned on the London Stock Exchange and a secondary listing on the Abu Dhabi Securities Exchange. The new entity will be headquartered in Singapore.
The geographic spread covers assets located primarily in the United Arab Emirates, Oman, Saudi Arabia, Malaysia and the Philippines. The financial rationale is direct: the new structure removes any future funding obligation at the VivoPower parent level for construction of those assets, with the platform drawing on its own listing proceeds and third-party capital instead.
What stays at VivoPower is the Nordic book, concentrated in the 42-megawatt Mo i Rana facility in Norway. Management is finalizing lease documentation with a preferred tenant on that project and is working through technical engineering details and EPC contractor selection in parallel. The transaction is explicitly designed to let the parent narrow its focus to that Norwegian asset.
Ownership mechanics
Existing VivoPower shareholders will not receive shares in the new platform directly. The company said their exposure to the non-Nordic portfolio will be preserved through VivoPower's retained stake, which carries de facto control via anchor shareholding, board representation and group governance linkage.
CEO Kevin Chin said the structure is designed to match the assets with sovereign and institutional capital. His stated case: retaining de facto control preserves shareholder upside from the non-Nordic portfolio without requiring VivoPower to fund the associated construction capital expenditure.
Conditions and timeline
Capital markets, legal and tax advisers have been shortlisted. Completion, including the planned listings, remains subject to definitive documentation, adviser and sponsor appointments, regulatory clearances, market conditions and shareholder approval where applicable.