2Ano·

$VAR1 For all those who gambled with Varta until the end and still hold Varta in their portfolio, Monday could be a bitter day.


It seems that the agreement between Porsche and Trojner has been reached. The shareholders are going away empty-handed... "The shareholders are reportedly losing their stake."


https://www.derstandard.at/story/3000000232816/schuldenschnitt-bei-varta-tojner-und-porsche-schie223en-kapital-zu


https://de.investing.com/news/press-releases/eqsadhoc-varta-ag-varta-ag-gibt-kommerzielle-einigung-uber-sanierungskonzept-bekannt-deutsch-2687656


The restructuring concept also provides for a simplified reduction of the share capital of

VARTA AG's share capital to €0, which will lead to the exit of current

shareholders of VARTA without compensation and the delisting of VARTA shares.

listing of the VARTA shares.

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2 Comentários

it's really blatant to go to €0 and then legally... advance information wouldn't be bad either :D ...I'm curious to see if anyone will sue. Shares are like property. In the case of credit suisse, the shares were at least transformed into UBS.
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@wealth_architect_177 The whole thing has been going on for a long time and was already announced; anyone who bought Varta after that was just gambling.

Unfortunately for shareholders, this is covered by the application of the German Corporate Stabilization and Restructuring Act (StaRUG).
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