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EQS-Ad-hoc: VARTA AG / Key word(s): Investment
VARTA AG: VARTA AG in talks with Porsche about investment in V4Drive business
04-Jul-2024 / 23:00 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News
- a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
VARTA AG, Ellwangen, ISIN: DE000A0TGJ55

Release of inside information pursuant to Article 17 of Regulation (EU) No 596/2014

VARTA AG in talks with Porsche about investment in V4Drive business

Ellwangen, July 4, 2024
VARTA AG is currently in negotiations with Dr. Ing. h.c. F. Porsche AG ("Porsche") regarding a possible investment by
Porsche in the business unit for large-format lithium-ion round cells (V4Drive) by means of a majority shareholding in
V4Drive Battery GmbH, a wholly-owned subsidiary of VARTA AG. VARTA AG and Porsche have already entered into a
non-binding term sheet and the parties are in the first phase of agreeing on the documentation for such a transaction.
In the run-up to the implementation of Porsche's investment, it is planned in a first step to transfer VARTA's V4Drive
business to V4Drive Battery GmbH and then to have Porsche participate via a capital increase. Whether Porsche will
actually make a corresponding investment depends on various factors, including the successful completion of a due
diligence review currently being carried out by Porsche and the approval of certain stakeholders of the VARTA Group.
Whether Porsche will carry out an investment is currently still open.
The ongoing process of updating the existing IDW-S6 expert opinion and possible adjustments or further restructuring
and subsequent financing measures communicated on April 11, 2024 has not yet been completed. The company is still in
the process of developing options with regard to potential recapitalization and financing measures.
* * *
End of Inside Information
04-Jul-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press
Releases.

Archive at www.eqs-news.com  
Language:     English 
Company:      VARTA AG 

VARTA-Platz 1
73479 Ellwangen
Germany

Phone:        +49 (0)791-921-0 
E-mail:       info@varta-ag.com 
Internet:     www.varta-ag.com 
ISIN:         DE000A0TGJ55 
WKN:          A0TGJ5 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 

Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1940081

End of Announcement EQS News Service
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1940081 04-Jul-2024 CET/CEST

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July 04, 2024 17:00 ET (21:00 GMT)