Porsche may take stake in battery maker Varta as part of overhaul, Reuters says

German battery maker Varta on Sunday said it is discussing two restructuring scenarios that could potentially lead to luxury sportscar maker Porsche taking a stake in it, Reuters’ Alexander Hubner and Christoph Steitz report. Varta, which has a market value of $479M, said earlier this month it was in talks with Porsche over a potential investment that could result in the carmaker becoming a majority owner of Varta’s V4Drive business.