Porsche also wants to join Michael Tojner's Varta AG directly.

Not only in the electric vehicle battery division, but also in Varta AG itself through a capital increase.

According to a press report, German sports car manufacturer Porsche also wants to invest directly in Varta in order to acquire the troubled battery manufacturer, in which the Austrian company owns a majority stake. Investor Michael Togner Belongs to support.

The plan – as is already known – is not limited to acquiring a majority stake in Varta's electric vehicle battery division V4Drive, but also a minority stake in Varta AG itself, it is reported. Frankfurter Allgemeine Zeitung On Sunday, citing banking sources.

Since the beginning of the month

Porsche wants to participate in the capital increase. “With this minority stake, Porsche secures the outsourcing of V4Drive production from the struggling Varta Group,” the report said. Varta initially declined to comment on the matter.

At the beginning of July, it became known that Porsche was ready to acquire a majority stake in V4Drive. A non-binding agreement had already been signed, but Porsche AG's accession depended, among other things, on a comprehensive examination of the books, as Varta explained at the time.

The V4Drive division was once considered a great source of hope for Varta, but has now become a burden. Due to the lack of orders, the company has stopped building a factory for large lithium-ion batteries. Porsche had already ordered battery cells from Varta in 2021, but there are no further orders.