German battery maker Varta announced in a statement that it had agreed to a restructuring agreement with its creditors, bringing in sports car manufacturer Porsche to save the business.

Porsche commits capital to Varta's restructuring effort

German battery maker Varta’s stock fell on Monday after it said that plans to restructure in order to prevent insolvency would wipe out current shareholders’ stakes.

Varta stock falls as rescue plans leave shareholders with nothing

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