REUTERS reports:
German battery manufacturer Varta has filed four insolvency applications, a spokesperson for the Stuttgart district court said on Friday, marking another setback for the company.
(…)
– Varta now faces a potential breakup: Key creditors, including Deutsche Bank, intend to take over the profitable household battery business, while Tojner has expressed interest in the micro-battery division
– Varta lost its key customer in the spring: Apple plans to source the rechargeable “CoinPower” …
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