German battery maker Varta is looking to instigate a €200m ($222m) IPO on the Frankfurt Stock Exchange to fund a €50m investment in a new automated factory for small batteries and the purchase of rival energy storage system companies and technologies. The company is owned by Switzerland’s Montana Tech Components, which will remain Varta’s majority owner post IPO. The company said it would use proceeds from its initial public offering (IPO) as part of an effort to raise funds through debt or equity markets that will be used to expand production capacity at its existing
German battery maker Varta is looking to instigate a €200m ($222m) IPO on the Frankfurt Stock Exchange to fund a €50m investment in a new automated factory for small batteries and the purchase of rival energy storage system companies and technologies. The company said it would use proceeds from its initial public offering (IPO) as part of an effort to raise funds through debt or equity markets that will be used to expand production capacity at its existing