Industry Value Chain
Pages 21–39 (19 pages)
Text on page 38
VARTA AG Approved A Financial Restructuring Plan, Secures Investment From Porsche The 130-year-old German-based company became heavily indebted and began a financial reorganization under the German Corporation Stabilization Act StaRUG) in June 2024
Varta produces a wide variety of battery technologies that have seen declines in market demand but the companyʼs subsidiary, V4Drive, produces large format lithium-ion batteries used in some Porsche vehicles
As a result of the reorganization, the companyʼs shares were delisted from the Frankfurt stock exchange at zero value and its €485 million debt was reduced to €200 million
A longtime investor in the company and Porsche AG invested €60 million with the latter gaining a 50% stake in Varta AG and a 70% stake in the V4Drive subsidiary
Sources: Linked above to various news articles
Extracted from the PDF; charts and images may read imperfectly.
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