July 4 (Reuters) - Varta AG:

* EQS-ADHOC: VARTA AG: VARTA AG IN TALKS WITH PORSCHE ABOUT INVESTMENT IN V4DRIVE BUSINESS

* VARTA AG: VARTA AG AND PORSCHE HAVE ALREADY ENTERED INTO A NON-BINDING TERM SHEET

* VARTA AG: PARTIES ARE IN FIRST PHASE OF AGREEING ON DOCUMENTATION FOR SUCH A TRANSACTION

* VARTA AG: FIRST STEP TO TRANSFER VARTA'S V4DRIVE BUSINESS TO V4DRIVE BATTERY GMB

* VARTA AG: PORSCHE WOULD PARTICIPATE VIA A CAPITAL INCREASE

* VARTA AG: WHETHER PORSCHE WILL CARRY OUT AN INVESTMENT IS CURRENTLY STILL OPEN

* VARTA AG: IS STILL IN PROCESS OF DEVELOPING OPTIONS WITH REGARD TO POTENTIAL RECAPITALIZATION AND FINANCING MEASURES

* VARTA AG: CO IN TALKS WITH PORSCHE ABOUT INVESTMENT IN V4DRIVE BUSINESS Source text for Eikon: Further company coverage: