Good evening,

It’s time to get familiar with Germany’s BayWa, a troubled agriculture and renewable energy giant with assets across Australia and the Asia Pacific.

The Munich-headquartered trading group is deep in debt-slashing mode, forced to pursue a major restructuring and reduce its burden by €4 billion ($7.2 billion) by offloading its offshore assets.

Now, it’s getting ready to divest its Australian renewables business.

People with direct knowledge of the matter, who asked to remain anonymous, said a request for proposal was sent to around half a dozen investment banks earlier this month.

Read the full article: BayWa in forced exit of $750 million-plus Aussie renewables business; RFP out

Read the full story tomorrow and more on the Street Talk page.

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Australian shares pared early gains as investors took profits on the huge rally in Commonwealth Bank shares and rotated into mining stocks.

Click here for the latest equity market wrap.