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VARGF (Varta AG) is no longer actively trading.
This usually means the company was acquired and taken private, delisted from its exchange, or its ticker has been retired. Every price, valuation, dividend, and analyst figure on this page is frozen at the last available trading session and reads as historical reference — not a current-day signal.
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.
No recent filings indexed.