The extensive aid for the German agricultural group BayWa is now set to become serious. According to insiders, the Austrian Raiffeisen Agrar Invest, which, as reported, is providing an owner loan as a shareholder, is set to help out with 15 million euros.
The second major shareholder, Bayerische Raiffeisen-Beteiligungs-AG (BRB), is to contribute 55 million euros, reports the “Handelsblatt”. A further 100 million euros are to come into the coffers when BayWa sells its share in BRB back to them. On this basis, the creditor banks are also prepared to provide loans for a further 200 million euros, it is said.
The agricultural, energy and construction group BayWa has debts of more than five billion euros. In Austria, BayWa has a 50 percent stake in Raiffeisen Ware Austria (RWA). RWA and Leipnik-Lundenburger are in turn the shareholders of Raiffeisen Agrar Invest.
