New Company: Varta Consumer Batteries Starts Its Own Business
20 Articles
20 Articles
VARTA splits profitable battery business into a separate company to save jobs and ensure growth despite the bankruptcy of its parent group.
The German Ministry of Economic Affairs approved the removal of the consumer business from insolvent Varta AG. All 990 jobs remain.
After the spin-off, Varta Consumer Batteries relies on a stable business and announces investments in the Dischingen site.
After the spin-off, Varta Consumer Batteries relies on a stable business and announces investments in the Dischingen site.
Varta filed four bankruptcy petitions at the end of July, according to a spokesperson for the Stuttgart district court.
Insolvent German battery manufacturer Varta is spinning off its consumer battery division into a separate company. Varta announced this on Thursday. The report comes from the DPA agency. The separation has been approved by the German Ministry of Economics. The main production plant of the consumer division...
Coverage Details
Bias Distribution
- 50% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium














