Finance
BayWa deal with EIP for renewable energy unit collapses
Published by Global Banking & Finance Review®
Posted on March 17, 2025
1 min readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on March 17, 2025
1 min readLast updated: January 24, 2026
BayWa will keep majority control of its renewable energy unit after a deal with EIP fell through. The company is negotiating with banks to meet financial needs.
(Reuters) - Embattled German agricultural trading group BayWa 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.
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.
(Reporting by Tristan Veyet in Gdansk)
The main topic is BayWa retaining majority ownership of its renewable energy unit after a deal with EIP collapsed.
The deal collapsed due to economic reasons as a final agreement could not be reached.
BayWa is in talks with banks and shareholders to cover capital and guarantee requirements during restructuring.
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