HANNOVER, Germany — Germany's largest bank is offering to take battery-maker Varta AG private so it can invest in future battery technology. In what amounts to a bank-financed management buyout, DB Investor, a subsidiary of Deutsche Bank, has offered to buy Varta shares for E14.50 (US$12.59) per share, a substantial premium over the E8.7 to E12.3 (US$7.28 to US$10.29) range of the share price this year. The deal already has the approval of the largest shareholder, the Quandt family, ...
Premium Content (PAID Subscription Required)
"Deutsche Bank offers to buy Varta" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.