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 story tomorrow and more on the Street Talk page.
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