Varta Says Co In Talks With Porsche About Investment In V4drive Business
July 4 (Reuters) -Varta AG VAR1.DE:
EQS-ADHOC: VARTA AG: VARTA AG IN TALKS WITH PORSCHE ABOUT INVESTMENT IN V4DRIVE BUSINESS
VARTA AG: VARTA AG AND PORSCHE HAVE ALREADY ENTERED INTO A NON-BINDING TERM SHEET
VARTA AG: PARTIES ARE IN FIRST PHASE OF AGREEING ON DOCUMENTATION FOR SUCH A TRANSACTION
VARTA AG: FIRST STEP TO TRANSFER VARTA'S V4DRIVE BUSINESS TO V4DRIVE BATTERY GMB
VARTA AG: PORSCHE WOULD PARTICIPATE VIA A CAPITAL INCREASE
VARTA AG: WHETHER PORSCHE WILL CARRY OUT AN INVESTMENT IS CURRENTLY STILL OPEN
VARTA AG: IS STILL IN PROCESS OF DEVELOPING OPTIONS WITH REGARD TO POTENTIAL RECAPITALIZATION AND FINANCING MEASURES
VARTA AG: CO IN TALKS WITH PORSCHE ABOUT INVESTMENT IN V4DRIVE BUSINESS
Source text for Eikon: ID:nEQ52GVNGa
Further company coverage: VAR1.DE
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