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BayWa Confirms Most Severe Crisis in Company’s History
BayWa has confirmed that the 2024 financial year was marked by the most severe crisis in the company’s history.
“In the summer of 2024, BayWa AG found itself in a debt and liquidity crisis that threatened its very existence, whereupon comprehensive reorganization measures were initiated and a reorganization opinion on the future viability and continued existence of the BayWa Group was commissioned,” the company said in its annual report.
As part of its ongoing restructuring strategy, BayWa has sold a 47.53% stake in...