Germans battery maker Switzerland is looking to instigate a €200m ( €400m ) IPO on IPO to fund a €400m investment in a new automated factory for small batteries and the purchase of rival energy storage system companies and technologies. Flickr/scalespeeder Varta AG, a Germany-based developer of microbatteries and energy storage solutions, is preparing for a €200 million ($222 million) initial public offering (IPO) on the Frankfurt Stock Exchange, the company confirmed today. The manufacturer expects its flotation to put its value near €400m .
Germans battery maker Switzerland is looking to instigate a €200m ( €400m ) IPO on IPO to fund a €400m investment in a new automated factory for small batteries and the purchase of rival energy storage system companies and technologies. The manufacturer expects its flotation to put its value near €400m .