DLA Piper advises VARTA AG on the approval of the restructuring plan according to StaRUG by the majority of the groups

The majority of the voting groups in the discussion and voting meeting on the restructuring of VARTA AG approved the restructuring plan in accordance with the German Corporate Stabilisation and Restructuring Act (StaRUG) on 25 November 2024. DLA Piper advised VARTA AG on this significant milestone in the restructuring process. Only the group of free float shareholders voted against the restructuring plan.

DLA Piper advises VARTA comprehensively on legal matters since the beginning of the restructuring. The law firm most recently supported the Company in concluding several key agreements with financing parties and investors, as well as a bridge financing as part of the ongoing restructuring project under the StaRUG. In July 2024, DLA Piper already provided VARTA with legal advice in connection with the initiation of the StaRUG proceedings.

DLA Piper advised VARTA AG with a team co-led by partners Dr Roland Maaß (Capital Markets, Frankfurt) and Florian Bruder (Restructuring, Munich/Frankfurt). The team also included partners Dr Wolfram Distler, Eike Neugebauer (both Finance), Dr Konrad Rohde (Tax; all Frankfurt), counsels Juliane Poss (Capital Markets), Patrick Reuter (Finance) and Sven Bischoff (Tax; all Frankfurt), senior associates Theresa Schenk (Capital Markets), Emel Toluay-Ayhan (Finance), Dr Pascal Hornstein (Tax; all Frankfurt), as well as associates Theresa Keß, Albatrit Haliti (both Restructuring), Alexander Hofsepjan (Capital Markets), Sindy Martin, Cennet Issenin (both Finance) and Katharina Verdan-Chabray (Tax; all Frankfurt).

The team was also supported by Senior Legal Project Manager Tamara Schanz, Legal Project Managers Mariama Jarju, Chris Lovell and Transaction Specialist Arne Klingelhöfer.

From VARTA AG, General Manager of Legal and Compliance as well as Human Resources, Julia Weber, was involved.

VARTA AG was co-advised on the StaRUG proceeding and restructuring as well as the discussion and voting meeting by Grub Brugger (Dr Frank Schäffler, Dr Thilo Schultze, Dr Jasmin Urlaub).