German agricultural firm BayWa goes to court for credit restructuring

NAMPA / DPA
2025-01-31
Munich (dpa) - The highly indebted German agricultural and building materials group BayWa intends to press ahead with its reorganization after failing to reach an agreement with a major creditor, the Munich-based company said on Friday. BayWa will initiate restructuring proceedings in a Munich court, although BayWa said it does not plan to reduce the company's capital or force out shareholders. According to BayWa, suppliers, customers, employees......
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