26.07.2026 13:28
Germany's 139-year-old battery manufacturer Varta has filed for insolvency protection to overcome its prolonged liquidity crisis. The company announced that production and employee salaries will continue uninterrupted during the restructuring process, while its most profitable unit, the household battery division, has been excluded from this process.
Varta, one of Germany's globally recognized industrial brands, has filed for insolvency protection due to financial difficulties. The 139-year-old battery manufacturer announced that it is entering a restructuring process under a provisional self-administration model, while production operations will continue uninterrupted.
APPLICATION MADE TO THE COURT
Varta filed for insolvency protection under a provisional self-administration model with an application to the Stuttgart Local Court. The application covers not only the main holding company Varta AG but also three subsidiaries operating in the micro-battery and energy storage sectors.
RESTRUCTURING PROCESS HAS BEGUN
In a statement by the company management, it was noted that the restructuring process to be carried out under court supervision will not halt operations. It was stated that thanks to the provisional self-administration model, the current management will continue its duties, and the goal is to restructure debts in a sustainable manner. Additionally, it was reported that production will continue without interruption and employees' salaries will continue to be paid under legal guarantees.
MOST PROFITABLE UNIT EXCLUDED FROM PROCESS
Varta Consumer Batteries, the company's household battery department operating in the retail market, was excluded from the insolvency protection process. It was noted that international financial institutions have stepped in to acquire this unit, which operates as a legally and operationally independent entity. According to financial news in the German press, Deutsche Bank and some major investment funds are conducting detailed reviews to take over this unit.