Overview

• The Stuttgart court dismissed all objections to Varta's restructuring plan, making it legally binding and unchallengeable.
• The plan reduces Varta's capital to zero, resulting in the complete loss of value for existing shareholders' investments.
• Varta's restructuring will involve a debt reduction from €485 million to €230 million, alongside delisting from the stock exchange.
• Porsche and majority shareholder Michael Tojner will each invest €30 million in the company, acquiring new shares after the restructuring.
• The investor group SdK criticized the decision, arguing it undermines shareholder rights and plans to file a constitutional complaint.