Latest news with #BayWa
Reuters
4 days ago
- Business
- Reuters
BayWa sells Dutch unit Cefetra for $143 million to trim debt
June 10 (Reuters) - Embattled German trading group BayWa ( opens new tab has sold its grain and oilseed trading unit Cefetra to Dutch company PGFO for about 125 million euros ($143 million) as part of an effort to cut its debt burden, it said on Tuesday. Baywa Group will get about 61 million euros more as part of Cefetra's refinancing, resulting in a total cash inflow of about 186 million euros. Further, the deconsolidation of the Dutch unit will cut BayWa's bank liabilities by about 500 million euros. Last week, the German agricultural supplies trader said its restructuring plan, including job cuts, was confirmed by a Munich court, after it has been struggling with rising borrowing costs. BayWa said in May that around 300 affected creditors agreed to an extension of loans until the end of 2028, as well as a capital increase of up to 201.6 million euros. The company is trying to reduce its debt by 4 billion euros, notably by selling most of its foreign assets by 2028. Last month, Reuters had reported that BayWa had received at least two offers for Cefetra, which it acquired in 2012 for the same amount as its selling price. ($1 = 0.8750 euros)
National Post
12-05-2025
- Business
- National Post
Kinaxis Supercharges BayWa r.e. Solar Trade's Supply Chain with AI-Powered Orchestration
Article content OTTAWA, Ontario — Kinaxis ® (TSX:KXS), a global leader in end-to-end supply chain orchestration, announced that BayWa r.e. Solar Trade, one of the world's largest distributors of photovoltaic components, has implemented its AI-powered orchestration platform Maestro™ to enhance decision-making, improve resilience and scale operations. As global supply chains face increasing disruptions, BayWa r.e. Solar Trade needed a more agile, data-driven solution to maintain efficiency, meet growing demand and adapt to increasing complexities all while ensuring long-term scalability. Article content Article content BayWa r.e. Solar Trade was looking for a supply chain planning solution that could keep pace with its rapid expansion and growing operational complexity. Traditional Enterprise Resource Planning (ERP) systems couldn't provide the agility required, leading to visibility gaps and slower decision-making. To scale efficiently and stay ahead of disruptions, the company turned to Maestro to accelerate planning, reduce complexity, and improve responsiveness. With Maestro, BayWa r.e. Solar Trade can make faster decisions, mitigate risks, and ensure its supply chain masters volatilities in a fast-changing market environment. Article content 'BayWa r.e. Solar Trade is embracing Maestro's advanced planning functionality and supply chain orchestration to enhance agility, close visibility gaps, and drive smarter, faster decision-making for its operations,' said Dominik Dohr, Global Head of Supply Chain and Operations at BayWa r.e. Solar Trade. 'Maestro gives us real-time insights, automation, and flexibility, allowing us to adapt quickly to market changes and respond to supply chain events efficiently. With Kinaxis, we can strengthen our operations today while ensuring we have the right foundation for a sustainable future.' Article content 'BayWa r.e. Solar Trade is reinforcing its commitment to innovation by leveraging AI-powered supply chain orchestration to enhance agility, drive smarter decisions, and create long-term value for its business,' said Fabienne Cetre, executive vice president of EMEA sales at Kinaxis. 'With Maestro, they gain the intelligence to anticipate disruptions and adapt to market dynamics efficiently. We're excited to support BayWa r.e. Solar Trade in setting a new benchmark for supply chain orchestration.' Article content Article content Article content Article content Article content Contacts Article content Media Relations Matt Tatham | Kinaxis mtatham@ +1 917.446.7227 Article content Article content Article content
Reuters
18-03-2025
- Business
- Reuters
Switzerland's EIP still eyeing majority of BayWa renewable unit-letter
ZURICH, March 18 (Reuters) - Energy Infrastructure Partners remains interested in acquiring majority ownership of the renewable energy unit of German agricultural trading group BayWa ( opens new tab, the Swiss firm said in a letter to investors. BayWa said on Monday it would for the time being retain majority ownership of the renewable energy unit known as BayWa r.e. after an initial agreement with EIP came undone. The Munich-based trader of farming supplies and produce has been grappling with rising borrowing costs, forcing it to embark on a major restructuring drive, including job cuts. In the letter, seen by Reuters, EIP said its plans to raise its stake in BayWa r.e. to a majority holding were paused but not off the table and that it would continue promoting the company's restructuring plans with its current holding.
Reuters
17-03-2025
- Business
- Reuters
BayWa deal with EIP for renewable energy unit collapses
March 17 (Reuters) - Embattled German agricultural trading group BayWa ( opens new tab said on Monday it would keep a majority ownership of renewable energy unit BayWa r.e. after an initial agreement with suitor Energy Infrastructure Partners fell apart. "A final agreement on details of this concept could not be reached for economic reasons," BayWa said. Get a look at the day ahead in U.S. and global markets with the Morning Bid U.S. newsletter. Sign up here. The Munich-based trader of farming supplies and produce added it is now in talks with core banks of the company and its subsidiary as well as major shareholders to cover the capital and guarantee requirements of BayWa r.e. until the end of the company's restructuring phase. BayWa announced in February it struck an initial deal with Switzerland's Energy Infrastructure Partners (EIP) for the Swiss firm to become the major shareholder of BayWa r.e., which still required approval of the EIP's boards. The German group has been grappling with rising borrowing costs, forcing it to embark on a major restructuring, including job cuts. "By implementing the alternative financing concept, BayWa AG would remain the majority shareholder of BayWa r.e. AG for the time being," The firm added in statement.
Reuters
24-02-2025
- Business
- Reuters
Energy Infrastructure Partners to invest 150 million euros to up BayWa r.e stake
Feb 24 (Reuters) - Swiss energy investor Energy Infrastructure Partners (EIP) said on Monday it will invest 150 million euros ($157.61 million) to raise its stake from 49% to 65% in Germany's BayWa r.e. German agricultural group BayWa said earlier that EIP would acquire a majority stake in its renewable energy unit as part of a capital increase. ($1 = 0.9517 euros) The Reuters Power Up newsletter provides everything you need to know about the global energy industry. Sign up here.
