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VARTA, Germany in talks with Porsche about investment in lithium-Ion battery subsidiary
On July 4, VARTA AG announced that it is negotiating with Dr. Ing. hc F. Porsche AG (Porsche) about a possible investment by Porsche in its large-format lithium-ion cell business, V4Drive. A non-binding term sheet has been signed, and initial documentation discussions are underway. The first step is to transfer VARTA....
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