Porsche to take majority stake in VARTA's large-format lithium-ion cell business

VARTA AG signed an agreement with Porsche for a majority investment by Porsche in the business unit for large-format lithium-ion cells through a majority stake in V4Drive Battery GmbH. The transaction is expected to close in Q1 2025.

“VARTA AG has signed an agreement with Dr. Ing. h.c. F. Porsche AG on a majority investment by Porsche in the business unit for large-format lithium-ion cells”eqs-news.com

• 1 source
• eqs-news.comVARTA AG: VARTA AG signs agreement with Porsche regarding investment in business unit for large-format lithium-ion cells | Ad-hoc - EQS NewsOct 9, 2024

Summarized from public sources; check the original articles before acting on it.