Shares plunge as much as 80% Turnaround plans foresee equity wipe-out CEO says Varta needs double digit mln eur sum in fresh fundingCEO Ostermann says significant debt relief also a must The stock was ...
June 20 (Reuters) - German battery maker Varta AG (VAR1.DE), opens new tab on Thursday said it would cut its full-year revenue forecast for 2024 due to the declining demand in the energy storage ...
US-based hedge fund Whitebox Advisors is backing a restructuring proposal for Varta AG that would allow ordinary shareholders to provide new funds, according to people familiar with the matter, as the ...
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