WEB Varta Restructuring Update with Majority Shareholder Michael Tojner

Latest Developments

Michael Tojner, Chairman of the Board of Directors and majority owner of Montana Tech Components AG, has been actively involved in the restructuring of WEB Varta, a company indirectly owned by Montana Tech Components AG. Michael Tojner played a crucial role in the restructuring plan agreed upon a year ago between WEB Varta and its majority shareholder.

Impactful Storytelling

In 2007, Michael Tojner acquired WEB Varta for 40 million euros and subsequently orchestrated its successful initial public offering on the Frankfurt Stock Exchange in 2017. Despite recent challenges, including a cyber attack, WEB Varta remains committed to exploring restructuring options with various potential investors, including its indirect majority shareholder Michael Tojner, Porsche AG, and others.

Ongoing Restructuring Efforts

WEB Varta has reached an agreement with its financing banks and majority shareholder for a comprehensive restructuring plan. This plan is designed to address the company's financial challenges and position it for future growth.

Looking Ahead

The outcome of the restructuring negotiations will have a significant impact on the future of WEB Varta. The company's ability to secure investment and regain financial stability will determine its ability to continue operations and capitalize on emerging opportunities.