BRIEF-Varta Says Co In Talks With Porsche About Investment In V4drive Business
July 4 (Reuters) - Varta AG:
* EQS-ADHOC: VARTA AG: VARTA AG IN TALKS WITH PORSCHE ABOUT INVESTMENT IN V4DRIVE BUSINESS
* VARTA AG: VARTA AG AND PORSCHE HAVE ALREADY ENTERED INTO A NON-BINDING TERM SHEET
* VARTA AG: PARTIES ARE IN FIRST PHASE OF AGREEING ON DOCUMENTATION FOR SUCH A TRANSACTION
* VARTA AG: FIRST STEP TO TRANSFER VARTA'S V4DRIVE BUSINESS TO V4DRIVE BATTERY GMB
* VARTA AG: PORSCHE WOULD PARTICIPATE VIA A CAPITAL INCREASE
* VARTA AG: WHETHER PORSCHE WILL CARRY OUT AN INVESTMENT IS CURRENTLY STILL OPEN
* VARTA AG: IS STILL IN PROCESS OF DEVELOPING OPTIONS WITH REGARD TO POTENTIAL RECAPITALIZATION AND FINANCING MEASURES
* VARTA AG: CO IN TALKS WITH PORSCHE ABOUT INVESTMENT IN V4DRIVE BUSINESS Source text for Eikon: Further company coverage: