Noerr advises banking syndicate on VARTA AG

10 Jan 2025Announcements

Noerr supports VARTA AG’s financial restructuring, including significant debt reduction and new equity, under StaRUG

Noerr has advised a banking syndicate on the restructuring of VARTA AG under the German Corporate Stabilisation and Restructuring Act (StaRUG). The restructuring plan aims to reduce VARTA’s debt from €485 million to approximately €230 million while securing €60 million in new equity and a €60 million loan. The plan has been accepted by a majority of stakeholders and confirmed by the Stuttgart Local Court. The Noerr team, led by Andreas Naujoks and Simone Schönen, navigated the diverse interests of stakeholders to facilitate the process.

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