Court Approves Varta's Restructuring Plan, Leaving Shareholders Empty-Handed

The Stuttgart court's ruling paves the way for the battery maker's financial recovery, but small investors face total losses as Porsche and a key stakeholder step in.

The Stuttgart court dismissed all objections to Varta's restructuring plan, making it legally binding and unchallengeable.
The plan reduces Varta's capital to zero, resulting in the complete loss of value for existing shareholders' investments.
Varta's restructuring will involve a debt reduction from €485 million to €230 million, alongside delisting from the stock exchange.
Porsche and majority shareholder Michael Tojner will each invest €30 million in the company, acquiring new shares after the restructuring.
The investor group SdK criticized the decision, arguing it undermines shareholder rights and plans to file a constitutional complaint.