MUNICH (Reuters) -Varta stock plunged as much as 80% to a record low on Monday after the German battery maker said restructuring options to avert insolvency, potentially with the help of Porsche, ...
A defective battery of the manufacturer Varta is illuminated by a flashlight. Felix Kästle/dpa The struggling German battery manufacturer Varta is once again appealing for help from its investors as a ...
US-based hedge fund Whitebox Advisors is backing a restructuring proposal for Varta AG that would allow ordinary shareholders to provide new funds, according to people familiar with the matter, as the ...
Shares plunge as much as 80% Turnaround plans foresee equity wipe-out CEO says Varta needs double digit mln eur sum in fresh fundingCEO Ostermann says significant debt relief also a must The stock was ...