BayWa AG Initiates Second Tranche of Capital Increase

BayWa AG has announced the launch of the second tranche of its capital increase. Approved by the Supervisory Board, this move is part of BayWa's ongoing restructuring plan. In the first tranche, major shareholders such as Bayerische Raiffeisen-Beteiligungs-Aktiengesellschaft (BRB) and Raiffeisen Agrar Invest AG (RAI) acquired new shares valued at approximately EUR 125 million.

The subscription price is set at EUR 2.79 per share, with a subscription ratio of 1 to 2. Shareholders, excluding BRB and RAI, may subscribe to up to 27,368,508 new shares. The capital increase aims to generate proceeds ranging from EUR 150 million to EUR 201.6 million. The German Federal Financial Supervisory Authority approved the prospectus, with the subscription period running from October 28 to November 10.

BayWa AG's plan involves issuing up to 72,263,446 new shares. Subscription rights can be traded on the Frankfurt Stock Exchange until November 5, with the process expected to conclude by mid-November.