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BayWa has reached a restructuring agreement with its major shareholders and creditor banks to address its significant debt by 2027, including a €150 million capital increase. The company plans to divest foreign holdings, starting with a 47.5% stake in RWA AG for €176 million, aiming to raise €4 billion to reduce its debt burden. Additional sales, including those of Cefetra and T&G Global, are also planned, with the divestment of BayWa r.e. expected to extend until 2027.
BayWa plans to downsize by 2027, seeking fresh capital from shareholders to support its restructuring efforts amid significant debt exceeding €5 billion. The company aims to streamline operations, cut jobs, and sell parts of its business, while retaining its four divisions. Major shareholders, including Bayerische Raiffeisen-Beteiligungs AG and Austrian Raiffeisen Agrar Invest, are expected to contribute to a planned capital increase in 2025.
BayWa r.e. AG
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BayWa agrees on restructuring plan to address significant debt challenges
00:13 28.12.2024
BayWa plans restructuring and downsizing by 2027 amid financial challenges
Euro
T&G Global Limited
Raiffeisen Agrar Invest AG
BayWa AG
BayWa r.e. AG
RWA Raiffeisen Ware Austria AG
Cefetra
Bayerische Raiffeisen-Beteiligungs-AG
DEU
Reinhard Wolf
Michael Baur
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12:54 30.11.2024
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