EIP to acquire majority stake in BayWa renewable energy unit through capital increase

reuters.com

BayWa AG announced that Energy Infrastructure Partners (EIP) will acquire a majority stake in its renewable energy unit, BayWa r.e., through a capital increase. BayWa's ownership will decrease from 51% to 35%. As part of this deal, BayWa will forgive 350 million euros in shareholder loans to BayWa r.e. This capital increase will help meet the unit's financial needs of about 435 million euros until 2028. EIP previously held a 49% stake in BayWa r.e. after investing 530 million euros in late 2020. The new arrangement aims to improve the financial stability of the renewable energy unit.


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EIP to acquire majority stake in BayWa renewable energy unit through capital increase | News Minimalist