Petra Hannen

3 weeks ago | ess-news.com | Marija Maisch |Sandra Enkhardt |Patrick Jowett |Petra Hannen

Varta AG has successfully completed its financial and strategic restructuring, as the company announced on Tuesday. Michael Tojner and Dr. Ing. h.c. F. Porsche AG are now new indirect shareholders, as reported by the Ellwangen-based battery manufacturer. In addition to a cash and non-cash capital increase of €60 million, they provided a refinancing of €60 million, which significantly strengthens Varta’s liquidity.