Brief: BayWa Notice Of Restructuring Project In Accordance With StaRUG

Baywa AG

31/01/2025 09:00

Jan 31 (Reuters) - BAYWA AG  BYWGnx.DE :
    * NOTICE OF A RESTRUCTURING PROJECT IN ACCORDANCE WITH
STARUG FOR
THE LEGALLY COMPLIANT IMPLEMENTATION OF THE FINANCING CONCEPT
    * TO SUBMIT RESTRUCTURING PLAN TO COURT
    * RESTRUCTURING AGREEMENT EXPECTED TO CONCLUDE BY END OF
APRIL
2025
    * FINANCING CONCEPT SUPPORTED BY ALMOST ALL FINANCIAL
CREDITORS
    * PUBLICATION OF 2024 FINANCIAL STATEMENTS EXPECTED TO BE
DELAYED
    * CASH CAPITAL INCREASE OF €150 MILLION PLANNED
    * CAPITAL REDUCTION AND OTHER MEASURES UNDER COMPANY LAW ARE
NOT
PLANNED
    * FUNDING FOR STARUG PROCEEDINGS HAS BEEN SECURED

Source text:  ID:nEQ40PKtba 
Further company coverage:  BYWGnx.DE 

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