As planned, sports car manufacturer Porsche has acquired a majority stake in the Varta subsidiary V4Drive Battery. The latter ...

Struggling German battery maker Varta said luxury car maker Porsche AG would invest in its business unit for large-format ...

VARTA AG signs agreement with Porsche regarding investment in business unit for large-format lithium-ion cells ...

The struggling battery manufacturer Varta has taken a significant step closer to financial recovery. This progress is ...

Varta said Monday that it had entered into a lock-up agreement with creditors which requires them to support the restructuring plan that the company has been negotiating for several months. It expects ...

Varta secured 60 million euros ($65.89 million) in financing from Porsche AG and MT InvestCo to cover its debt, the ...

Varta, the German battery manufacturer which is in restructuring, has signed agreements for a €60m equity injection and €30m ...

Restructure of Company VARTA AG: VARTA AG concludes material agreements as part of the restructuring concept and secures short-term bridge financing 07-Oct-2024 / 14:08 CET/CEST Disclosure of an ...

The continent-wide STOXX 600 index was up 0.1%, as of 0711 GMT, with investors buying into utilities, healthcare and real ...

Embattled German battery-maker Varta AG has adjusted its restructuring plan to help win the support of a key group of lenders, paving the way for its approval. A “large proportion” of holders ...

German battery maker Varta's restructuring needs to be documented and submitted to the relevant court following agreement from the boards of the parties involved, a Varta spokesman said on Monday.

Varta secured 60 million euros ($65.89 million) in financing from Porsche AG and MT InvestCo to cover its debt, the ...