{
  "id": 1843519,
  "title": "VivoPower to spin off non-Nordic AI data center assets into new Singapore-based platform",
  "url": "https://urgent.news/2026/08/17/vivopower-to-spin-off-non-nordic-ai-data-center-assets-into-new",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-17T13:34:00.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/technology/ai/articles/vivopower-spin-off-non-nordic-133400795.html"
  },
  "original_language": "en",
  "account": "VivoPower, a company listed on NASDAQ, has announced plans to separate its non-Nordic artificial intelligence data center assets into a new, independently financed entity. The subsidiary will be based in Singapore and seek capital through a pre-IPO round aimed at institutional and sovereign investors. Following the IPO, the company intends to list on both the London and Abu Dhabi stock exchanges.\n\nVivoPower's board has authorized the creation of an AI Infrastructure Platform to host over 2.2 gigawatts of data center assets and development projects primarily located in the United Arab Emirates, Oman, Saudi Arabia, Malaysia, and the Philippines. The company's focus is shifting towards the Nordic market, where its 42-megawatt Mo i Rana facility in Norway remains the primary asset under management.\n\nAlthough the new entity will operate autonomously, VivoPower retains significant influence through anchor shareholding, board representation, and group governance ties. Existing shareholders of VivoPower will not receive direct shares in the new company but will maintain their investment exposure through VivoPower's ongoing stake.\n\nThe separation eliminates future funding obligations for the construction of the non-Nordic assets, with the Platform to be capitalized through its own listing proceeds and external financing. CEO Kevin Chin expressed optimism about this strategic move, stating that it aligns these assets with the most suitable sovereign and institutional capital, potentially unlocking additional value for VivoPower stakeholders. The transaction's completion will depend on finalizing legal documents, securing advisers and sponsors, obtaining regulatory approvals, considering market conditions, and obtaining shareholder approval when required.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}