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VARGF (Varta AG) is no longer actively trading.
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Varta AG, a German enterprise established in 1887 and headquartered in Ellwangen, operates globally as a key player in the research, development, production, and sale of diverse battery solutions. The company's comprehensive portfolio spans microbatteries, household power cells, and advanced energy storage systems. Its operations are segmented into two primary divisions: Lithium-Ion Solutions & Microbatteries, and Household Batteries. The Lithium-Ion Solutions & Microbatteries division specializes in sophisticated power sources. This includes zinc-air batteries, predominantly utilized in…
Germany's cartel office has approved Porsche AG's acquisition of a non-controlling interest in Varta as well as a majority of shares and sole control of the battery maker's business unit for lithium-ion cells for electric cars.
Porsche AG (ETR:P911) has joined a group of creditors putting together a rescue package for ailing battery maker Varta. Under the deal, Varta's debt will be cut from €485 million to €200 million, the company said.
German battery maker Varta said on Saturday it had reached a restructuring agreement with its creditors, bringing on sports car manufacturer Porsche to save the ailing business.
German battery maker Varta on Thursday said it is in talks with Porsche over a potential investment in its large-format lithium-ion battery business, V4Drive.
Varta makes cutting-edge lithium micro-batteries. But the company is also weighed down with slow-growing businesses, supply shortages, and rising competition.