July 22, 2024 – According to a report by the Frankfurter Allgemeine Zeitung (FAZ), Porsche is considering acquiring a minority stake in VARTA, aiming to protect its potential investment in the struggling battery manufacturer’s large lithium-ion battery business.
It’s worth noting that VARTA announced on the 4th of this month that it was in negotiations with Porsche regarding investment in its large lithium-ion cylindrical batteries, known as V4Drive. The plan is to transfer this business to V4Drive Battery GmbH, followed by a capital increase to allow Porsche’s participation.
The FAZ report further states that to uphold this initiative, Porsche may also acquire a minority stake in Varta AG, the parent company of V4Drive.
Currently, VARTA has an estimated market value of approximately 440 million euros. However, the company has declined to comment on this matter. Porsche has also not immediately responded to this news.
