from BayWa AG (isin : DE0005194062)
EQS-Adhoc: BayWa AG: First draft of restructuring report is positive
EQS-Ad-hoc: BayWa AG / Key word(s): Financing
BayWa AG: First draft of restructuring report is positive
24-Sep-2024 / 00:39 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The restructuring report commissioned by BayWa AG in July 2024 comes to the conclusion in a first draft that BayWa AG can be restructured under certain conditions and that its operating competitiveness and profitability can be restored in the medium term. According to the draft of the restructuring opinion, this is mainly based on the fact that BayWa Group operates with a stable outlook and holds a leading position with its key business divisions. According to the first draft report, restructuring over a period of several years is the prerequisite for reorganisation. The draft of the report considers numerous operating-level cost-cutting measures as necessary in restructuring and also envisions the sale of individual business divisions. Negotiations with financing partners and key stakeholders about the restructuring concept as well as realigning funding are continuing to proceed constructively. The Board of Management expects that an agreement can be reached here.
Contact:
tel. +49 (0)89/92 22-38 87, Fax +49 (0)89/92 12-38 87,
e-mail: josko.radeljic@baywa.de
End of Inside Information
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| Language: | English |
| Company: | BayWa AG |
| Arabellastraße 4 | |
| 81925 Munich | |
| Germany | |
| Phone: | +49 (0)89/ 9222-3691 |
| Fax: | +49 (0)89/ 9212-3680 |
| E-mail: | presse@baywa.de |
| Internet: | www.baywa.com |
| ISIN: | DE0005194062, DE0005194005, |
| WKN: | 519406, 519400, |
| Listed: | Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1993823 |
| End of Announcement | EQS News Service |
1993823 24-Sep-2024 CET/CEST