Creditors of Varta AG are set to take control of a key unit of the struggling German battery maker after rescue talks failed to produce a deal to save the entire company, according to Bloomberg.
The development marks a setback for Varta as it works through its financial distress.
Varta Creditors Poised to Take Control of Key Unit After Rescue Talks Fail
2026-07-22 15:52:21
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