Varta secures $65 mln from Porsche and shareholder Tojner
Varta secured 60 million euros ($65.89 million) in financing from Porsche AG and major shareholder Michael Tojner to cover ...
Varta secures $65 million from Porsche and shareholder Tojner
Varta secured 60 million euros ($65.89 million) in financing from Porsche AG and major shareholder Michael Tojner to cover its debt, the struggling German battery maker said on Monday. The agreement ...
electrive8 天
Varta is making significant progress with its restructuring efforts
The struggling battery manufacturer Varta has taken a significant step closer to financial recovery. This progress is ...
electrive7 天
Porsche seals investment in Varta subsidiary V4Drive
As planned, sports car manufacturer Porsche has acquired a majority stake in the Varta subsidiary V4Drive Battery. The latter ...
GlobalCapital7 天
Varta gets €30m bridge from syndicated lenders
Varta, the German battery manufacturer which is in restructuring, has signed agreements for a €60m equity injection and €30m ...
Varta Moves Closer to Completing Financial Restructuring Plan
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 ...
Forbes5 天
Michael T. Nietzel
Michael Nietzel is president emeritus of Missouri State University. A Forbes contributor since 2019, he writes about higher education. After earning his B.A. from Wheaton College (Illinois), he ...