The BayWA has announced today by press release that over 95 % of financial creditors support the renovation concept and agree to the long -term renovation agreement by the end of 2027.
In order to integrate a few financial creditors into the financing solution and to secure the restructuring process, BayWA AG has now registered a starug procedure. This procedure has no influence on the buyback of the RWA shares, which was contractually agreed at the end of December 2024. The handling is on schedule, so that a timely closing date can be expected.
The BayWa Starug procedure only refers to Baywa AG and ensures the implementation of the renovation. Customers, suppliers, subsidiaries, shareholders and employees are not affected, i.e. not the RWA and the repurchase mentioned.
OTS original text press release with the exclusive in terms of content of the sender – www.ots.at | RWA