• First prize for “IPO of the Year 2017”
• VARTA AG’s IPO is recognized at the Global Capital Awards in London
At yesterday’s Equity Capital Markets Awards ceremony, organized by the highly respected business publication Global Capital, VARTA AG took first prize in the category “IPO of the year under US$ 300 million” for its October 2017 IPO.
Numerous banks, institutional investors and other capital-market players voted for their favorites in an online poll at the start of the year. Dr. Michael Pistauer, VARTA AG board member, and Stefan Ries, Director Corporate Finance at Berenberg Bank, accepted the award at the ceremony, held at One Whitehall Place, London, on March 20, 2018.
“I’m truly grateful for this honor, and I’m very pleased that we were able to take a further direct and timely step toward expansion thanks to this IPO,” declared Dr. Pistauer on accepting the award.
This award aims to promote excellence on the market by recognizing issuers, investors, investment banks and their consultants. Global Capital is a leading news, opinion and data service serving people and institutions working on the international capital markets.
In light of this international award, Herbert Schein, CEO of VARTA AG, commented, “For us, the lively investor interest in this IPO, and now this award as well, are a satisfying affirmation of our strategy. The demand for our products remains high. In response, we’re in the process of massively increasing our production capacities. We got off to a very successful start this year and are meeting our growth targets.”
Joh. Berenberg, Gossler & Co. KG oversaw the IPO as the sole global coordinator, in collaboration with UniCredit Bank AG as the joint bookrunner. As of October 19, 2017, VARTA shares are traded in the Prime Standard market segment of the Frankfurt Stock Exchange.
About VARTA AG
As the parent company of the Group, VARTA AG is active in the business segments Microbatteries and Power & Energy through its operating subsidiaries VARTA Microbattery GmbH and VARTA Storage GmbH. Already today an innovation leader in the microbattery sector and one of the market leaders for hearing-aid microbatteries, VARTA Microbattery GmbH also aspires to market leadership for lithium-ion batteries in wearables and particularly headphones. VARTA Storage GmbH focuses on intelligent energy solutions for customized battery storage systems for OEM customers and the design, system integration and assembly of stationary lithium-ion energy storage systems. The VARTA AG Group’s operating subsidiaries are currently active in more than 75 countries around the world, with five production and assembly facilities in Europe and Asia as well as distribution centers in Asia, Europe and the United States.
Tel.: +49 7961 921-221