UPDATE 1-Varta sells appliance battery ops to Rayovac


(Adds detail, quotes from statement) FRANKFURT, July 29 (Reuters) - Germany's Varta AG said on Monday it would sell its appliance battery business to Rayovac Corp for 262 million euros ($259.1 million), boosting the U.S. firm's position in the global battery market. Varta said in a statement that Rayovac, a leading manufacturer of rechargeable and hearing-aid batteries, would buy all its appliance battery operations outside Germany and take a 51 percent stake in a new joint venture in ...

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