BayWa

Under the second restructuring draft, subscribers to the €100 million hybrid bond must forgo interest and will receive only 2% of their principal back. 267 of 268 creditors have in principle agreed to waive around €1.5 billion; banks extend loans until 2030 and provide €700 million subordinated. Major shareholders transfer 67.1% of shares to a trustee and must contribute at least €220 million in 2029 in a capital increase; BayWa r.e. is to be transferred to a restructuring company and removed from the balance sheet. The restructuring agreement is to be finalized by year-end; parallel criminal investigations against former executives are ongoing. » Mere på manager-magazin.de

The insolvent Hellweg and BayWa Bau & Garten stores are to be wound down; buyers are expected for around 35 of the more than 110 branches who could take over the sites and employees. The Hellweg and BayWa brands will be abandoned and many stores will be continued by other retailers, but concrete buyers were mostly not named. Many locations currently have no solution; without investors closures and mass layoffs could occur by the end of November. The district court in Essen has opened the restructuring proceedings and appointed a custodian; the BayWa share came under pressure in trading. » Mere på finanzen.net

Agravis is exploiting BayWa's crisis and plans to expand into BayWa's southern German heartland through cooperations with primary cooperatives. Initial stakes could already be taken in 2026; Agravis is also offering the Terres franchise system to Raiffeisen markets in the south and intends to strengthen the local wholesale business for seed, fertilizer and crop protection. Through these steps, Agravis could surpass BayWa in turnover and accelerate its growth from 2027. » Mere på wiwo.de

Low water on the Main, Donau and Rhein is reducing inland vessel loading capacity, raising transport costs and tightening available capacity, says BayWa. The company is increasingly using its own storage sites and organizing full-train shipments as an alternative, but rail cannot fully replace shipping. In Bavaria, persistent drought is expected to lead to a below‑average grain harvest, further straining the logistics situation. » Mere på finanzen.net

BayWa has presented a plan to adjust the restructuring agreement with creditors and major shareholders, but a legally binding new agreement has not yet been reached. The board aims to finalise the binding restructuring agreement by autumn 2026 while negotiations continue over further capital injections and a possible debt haircut. Investors view the situation as risky: a rescue is considered likely, but additional capital measures could heavily dilute existing shareholders. » Mere på finanzen.net