course crisis - Rehabilitation report: BayWa-Shares lose a third
The BayWa-Stocks reacted with a massive price drop at the beginning of the week in response to the announced restructuring report. The paper lost approximately one third of its value compared to the last Xetra closing price by Monday morning. The news about the restructuring report came out after the stock exchange closed on Friday. It was already clear from the interbank market that the news would cause a drop. Since the beginning of the year, the BayWa-Stock's price loss has amounted to roughly half.
According to financial circles, the heavily indebted Baywa corporation has reportedly brought on board a restructuring consultant. The report is said to improve the "tense financing situation." A major issue is the significantly increased interest payments for the credits, as can be gleaned from the financial reports. The consultant's identity and when the restructuring report will be available were not disclosed by the company.
However, according to financial circles, it is said to be the consulting firm Roland Berger. This had previously been reported by the Redaktionsnetzwerk Deutschland (RND).
Despite the anticipated restructuring efforts by Roland Berger, the 'Baywa' stock continued to struggle, experiencing a 'course crash' on Xetra during the following trading day. The drop in price mirrored the concerns raised by the restructuring report, with Munich-based Bavaria's agricultural sector closely monitoring the situation. Amidst these challenges, the corporation's parent company, Baywa AG, based in Munich, remains optimistic about the long-term prospects of its agriculture and energy divisions.
