Regulators approve capital increase at BayWa r.e. by investor EIP
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.
Country updates
-
-
April 09, 2021
Vestas to supply turbines for 39 MW Wohlsdorf wind project in Rotenburg
Vestas will supply seven V150-5.6 MW turbines to the 39 MW Wohlsdorf wind farm in Rotenburg, Lower Saxony. The project is located between Bremen and Hamburg, Germany. The Wohlsdorf project is being d...
Read more -
April 06, 2021
Thyssenkrupp, Steag partner for 500 MW hydrogen plant in Duisburg
German industrial manufacturer Thyssenkrupp and energy developer Steag have partnered to develop a 500 MW hydrogen electrolysis production plant Thyssenkrupp's steel production facility in D...
Read more -
March 25, 2021
Salzgitter starts operation of Wind Hydrogen Salzgitter in Lower Saxony
Salzgitter AG has started the commercial operation of the Wind Hydrogen Salzgitter – WindH2 project in Lower Saxony, Germany. The project generates hydrogen using energy from a 30 MW...
Read more -
March 18, 2021
30 MW Salzgitter wind hydrogen project starts operation in Lower Saxony
30 MW Salzgitter wind hydrogen project has been commissioned in Germany with the presentation of newly constructed facilities to the public on March 11, in Salzgitter. The project involves the develo...
Read more -
March 18, 2021
Carlyle Group completes acquisition of Siemens' Flender
Siemens has closed the sale of Flender GmbH to The Carlyle Group for EUR2.025 billion (US$2.4 billion). In October 2020, Siemens announced its plans to sell the specialized supplier of mechanical and...
Read more
