The regulatory approvals by the responsible supervisory authorities in Germany, Austria, and Australia have laid the foundation for the largest transaction in BayWa’s corporate history: Funds advised by the Swiss investor, Energy Infrastructure Partners (EIP), will acquire a 49% stake in BayWa r.e. with an equity contribution of EUR530 million (US$630.27 million.
The transaction is expected to be completed in March 2021. BayWa AG will remain the majority shareholder with a 51% stake.
Upon completion of the transaction, BayWa r.e. will change its legal form from a GmbH, or limited liability company, to an Aktiengesellschaft (AG), or stock corporation.