VARTA AG in the Schlinger course: renovation and debt section as options

VARTA AG in the Schlinger course: renovation and debt section as options

Varta AG in the crisis: a challenge for the region

Varta AG faces a crucial phase that could have far -reaching effects on the local economy and the future of the company. A recently updated renovation report shows that Varta AG will not face any acute liquidity underlay in the next 12 months. However, the financial situation could be critical after this period, which brings the need for the Stabilization and Restructuring Act (Starug). It is a challenge that not only affects the company itself, but also the region in which it works.

causes of financial difficulties

• profitability and debt burden: Varta AG has to struggle with low profitability, while high interest rates additionally burden existing debts. A capital requirement in the high double -digit million range is currently suspected.
• consortial loan and promissory note loan: The debts amount to a total of 485 million euros, including a consortial loan of 235 million euros and a promissory note loan over 250 million euros.

potential solutions and their effects

The current solutions for Varta AG contain two options to alleviate the financial pressure. Initial considerations provide for an equity-based solution in which investors such as Porsche and the majority owner Michael Tojner contribute new equity. Alternatively, the creditors urge to secure liquidity through debt. However, both options require the consent of all banks involved and are not yet binding.

A loss of capital for shareholders: Regardless of the selected solution, it is clear that the shareholders of VARTA AG, including tojner, will end in both scenarios. Your capital investment could be reduced to zero, which is concerned with many investors or leaves it at a loss.

strategic importance for the region

Varta AG is not only an important employer in the region, but also a technological pioneer on the market for rechargeable batteries. Your innovative cell V4Drive plays a crucial role for products such as the Porsche 911 GTS. Porsche strives for a solution that stabilizes Varta AG, not only in its own interest, but also to secure technology and specialist knowledge in Germany.

Michael Tojner emphasizes: He sees Varta AG not only as a company, but as a significant economic factor for Europe. The current crisis is therefore not isolated, but reflects a broader trend that affects technologies and investments in the region.

The future of Varta AG and its workforce

The look into the future of Varta remains uncertain at first. In order to secure the necessary liquidity and remain future -proof, decisions must be made quickly. The corporate management sits in a dilemma: between the need to make investments and at the same time convince the creditors. A fundamental conversion could be crucial in order to protect not only the company, but also the importance of Varta AG as the economic pillar of the region.

- Nag