German battery maker Varta files for insolvency – Renewables Now
German battery maker Varta files for insolvency Renewables Now Read the original article here
Varta files for insolvency as German battery maker’s crisis deepens – Euronews.com
Varta files for insolvency as German battery maker’s crisis deepens Euronews.com Read the original article here
Varta files for insolvency as German battery maker’s crisis deepens
The parent company behind the renowned Varta household battery brand said on Friday that it had applied to the Stuttgart Local Court to open insolvency proceedings under self-administration. The German battery maker, based in Ellwangen, said the filing was prompted by a structural funding gap expected from 2027, rather than an immediate inability to meet…
Seven years on, Alok Industries remains an IBC outlier as RIL deconsolidates the textile unit
The RIL disclosures indicate that, seven years after the RIL-JM Financial ARC consortium took control of Alok Industries through the insolvency process, the textile company has yet to turn its balance sheet around. Losses have narrowed year-on-year and operating EBITDA has turned positive by small margins, according to Alok’s own filings, but shareholder equity remains…
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Varta files for insolvency as German battery maker’s crisis deepens – Euronews.com
Varta files for insolvency as German battery maker’s crisis deepens Euronews.com Read the original article here