EIP says plans to sell BayWa r.e.'s Solar Trade unit

Baywa AG

24/02/2025 18:14

ZURICH, Feb 24 (Reuters) - Switzerland's Energy
Infrastructure Partners (EIP) will sell off BayWa r.e.'s Solar
Trade unit at some point because it does not consider it part of
the company's core business, EIP Managing Partner Roland Dörig
said on Monday.
    "That means we will sell it in due course," Dörig told
Reuters.
    He declined to say what the unit is worth or when it would
be sold, noting only that there was no pressure to do so.
    Earlier, Germany's BayWa AG and EIP said the Swiss company
would raise its stake in BayWa r.e. - BayWa's renewable energy
unit - from 49% to 65% through a capital increase.

 (Reporting by Dave Graham, Editing by Friederike Heine)
 ((dave.graham@thomsonreuters.com; Reuters Messaging:
dave.graham.thomsonreuters.com@reuters.net))