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Federal Cartel Office of Germany approves Porsche’s strategic stake in Varta and control of EV battery unit ‘V4Drive’
On October 31, the Federal Cartel Office of Germany (Bundeskartellamt) approved Porsche's acquisition of a minority stake in Varta AG and a majority stake in V4Drive Battery GmbH which is Varta's business unit for large-format EV lithium-ion cells. Porsche will hold sole control over V4Drive, while Varta and the Mich....
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