KWS Closes Sale of Corn Business in South America

KWS SAAT SE & Co. KGaA ("KWS") has finalized the sale of its South American corn business to GDM as per the agreement dated March 25, 2024. The relevant antitrust authorities have approved this transaction, which is valued in the mid-three-digit million Euro range.

The transaction is expected to positively influence KWS Group's financial indicators. Majority of the proceeds will be used to reduce debt, leading to a significant improvement in financial leverage (net debt/EBITDA) and the equity ratio. Additionally, KWS anticipates a marked decrease in future interest expenses.