(IN BRIEF) BayWa AG has secured approval for its restructuring plan under the German StaRUG framework. The plan includes extending financing until 2028 and a capital increase of up to EUR 201.6 million. Despite not meeting the quorum for shareholders, … Read the full press release
Posted in Agriculture, Business, Financial, Germany, Industrial, Investment, Management, News
Tagged BayWa AG, capital increase, CEO Dr. Frank Hiller, CRO Michael Baur, Financial Creditors, Financial Stability, financing extension, German Act on the Stabilization and Restructuring Framework, liquidity, Munich Local Court, operational transformation, restructuring, shareholders, StaRUG, subsidiaries unaffected
(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
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