Urgent.News

What's breaking now, across thousands of outlets.

Business

Industrie: Investoren im Blick – Varta hofft auf schnelle Lösung bei Insolvenzverfahren

Der Varta-Insolvenzverwalter sieht trotz Insolvenz Chancen auf einen Verkauf des Batterieherstellers in den nächsten Monaten. Was das für die Standorte und Beschäftigten bedeutet.

Industrie: Investoren im Blick – Varta hofft auf schnelle Lösung bei Insolvenzverfahren

Stuttgart - The insolvency administrator for the struggling battery manufacturer Varta expects an investor solution for the company in the coming months, according to Tobias Wahl of the law firm Anchor in Ellwangen. He stated that the market interest in Varta's technological core competencies remains unchanged and that a successful conclusion of the sale process is expected within the upcoming months.

It was not disclosed by Wahl's spokesperson whether the potential investors were financial investors or industrial companies.

The insolvency administrator emphasized that the clear objective of the proceedings is to work out a future-proof continuation solution that ensures the company's survival. Varta AG, the parent company, as well as three other units, initially filed for an insolvency procedure in-house administration in mid-July. The business unit dealing with household batteries, which the group wanted to be relieved of, was not affected. The four units were initially placed in a classical provisional insolvency procedure.

Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Also reported by 1 other outlet

Read the original at handelsblatt.com →

More in Business

More from Thursday 1 October →