Germany's BayWa reaches restructuring agreement until 2027
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 27 2024
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Should l Buy ?
Source: Reuters
Restructuring Agreement: BayWa has reached a restructuring agreement with major shareholders and financiers, which includes a capital increase of approximately 150 million euros planned for early 2025, amid rising borrowing costs and significant losses.
Job Cuts and Asset Sales: The restructuring plan entails cutting around 1,300 jobs by 2027, closing 26 locations, and selling its stake in Austria's RWA for 176 million euros, while also aiming to raise 4 billion euros through the sale of foreign assets.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
