trending Market Intelligence /marketintelligence/en/news-insights/trending/SLlKNK9cwIqjby1qzzv31A2 content esgSubNav
In This List

Energizer to sell consumer battery business

Blog

Insight Weekly: US stock market downturn; Chinese bank earnings; Europe's big tech bills

Blog

Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds

Blog

Global M&A By the Numbers: Q1 2022

Blog

Insight Weekly: Earnings forecasts for US banks; corporate deleveraging; LatAm currency gains


Energizer to sell consumer battery business

Energizer Holdings Inc. on May 29 said it agreed to sell its European consumer battery business Varta for $401 million.

Varta AG will acquire the business, including all manufacturing and distribution facilities.

The deal is part of the European Commission's clearance conditions for Energizer's $2 billion all-cash acquisition of Spectrum Brands Holdings Inc.'s battery and lighting business.

Spectrum will be contributing an additional $200 million to Energizer in connection with the divestiture of the Varta Business.