Varta slumps after it announces restructuring, delisting plans
** Shares in Varta VAR1.DE slump 80% to all-time low after the German battery maker said it was in talks on two restructuring scenarios aimed at providing liquidity, both resulting in itsdelisting
** Both proposals would reduce the group's share capital to zero, leaving all existing shareholders, apart from its majority shareholder Michael Tojner, without compensation, it added
** The two scenarios include one with new potential investors, Tojner and Porsche P911_p.DE among them, and the other with financial creditors, it said
** The restructuring plan with the German luxury carmaker could result in Porsche taking a direct stake in the group, Varta said
** Stock is set for biggest one-day drop ever if losses hold; hits record intraday low of 2.1 euros
Reporting by Isabel Demetz
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