(IN BRIEF) BayWa AG has reached an agreement with over 95% of its financial creditors on a long-term restructuring and financing plan, which will extend until 2027. However, a few dissenting creditors led BayWa to initiate restructuring proceedings under the … Read the full press release
Posted in Agriculture, Business, Energy, Gas & Oil, Financial, Germany, Industrial, Investment, Management, News, Technology
Tagged Annual General Meeting, BayWa AG, capital increase, cro, debt waivers, Financial Creditors, financial statements, financing agreement, financing concept, legal certainty, long-term restructuring, Michael Baur, Munich Local Court, operational transformation, parent company, restructuring plan, restructuring proceedings, shareholders, StaRUG, StaRUG light, subsidiaries, €150 million
(IN BRIEF) BayWa AG has appointed Michael Baur, a restructuring expert from AlixPartners, as Chief Restructuring Officer (CRO) to guide the company through its financial difficulties. Baur has been working with BayWa’s management to stabilize the business and will now … Read the full press release
Posted in Agriculture, Business, Energy, Gas & Oil, Financial, Germany, Industrial, Management, News
Tagged appointment, BayWa AG, Financial Recovery, leadership, Marcus Pöllinger, Michael Baur
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