BayWa Says Equity Capital Falls to Less than Half its Registered Share Capital
German agricultural supplies trader BayWa said on Thursday that its equity capital had turned negative as of the end of 2024, falling to less than half of its registered share capital.
The drop was expected due to the necessary write-downs brought on as part of BayWa's restructuring plan, said the company, which will report annual results on July 10 after being delayed due to its financial concerns.
The Munich-based firm has been grappling with rising borrowing costs...
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