Baywa Secures Restructuring Plan to Address Massive Debt

The German agribusiness giant aims for financial recovery by 2027 through job cuts, asset sales, and a €150 million capital increase.

Baywa has reached an agreement with creditors and major shareholders on a restructuring plan to tackle its multibillion-euro debt burden.
The company plans to issue €150 million in new shares, with details to be finalized in early 2025.
Baywa will sell its 48% stake in Raiffeisen Ware Austria for €176 million by March 2025, pending regulatory approval.
A significant workforce reduction has been announced, with 1,300 jobs to be cut from its German operations, representing 16% of its domestic workforce.
The restructuring plan follows years of debt accumulation from rapid expansion and rising interest rates, with Baywa reporting a €641 million net loss in the first nine months of 2024.