Germany's BayWa preparing debt haircut, Handelsblatt reports

Baywa AG

27/04/2026 09:43

BERLIN, April 27 (Reuters) - German's BayWa BYWGnx.DE is heading towards a debt haircut, with discussions under way about a balance sheet adjustment that could amount to around 1 billion euros ($1.17 billion), the Handelsblatt newspaper reported on Monday citing people familiar with the matter.

The move comes as BayWa's renewables unit BayWa r.e. underperforms expectations, prompting talks between banks and major shareholders on a revised restructuring plan to be agreed by mid-year, the report said.

($1 = 0.8512 euros)

 (Writing by Friederike Heine, Editing by Linda Pasquini)

 ((friederike.heine@thomsonreuters.com;))