BayWa AG’s restructuring plan was confirmed by the competent restructuring court, Munich Local Court, today. The plan had already been adopted on 15 May 2025 by the required majorities at the plan voting and discussion meeting.
A Gleiss Lutz team is advising BayWa AG on all insolvency and restructuring topics in connection with its ongoing turnaround, in particular on preparing and implementing a restructuring plan under the German Corporate Stabilisation and Restructuring Framework Act (StaRUG proceedings). Opposition from a few financial creditors made it necessary to initiate the StaRUG proceedings in late January 2025 in order to ensure their inclusion in the turnaround concept agreed by the vast majority of the company’s financing partners and anchor shareholders as well as the key terms of a long-term restructuring agreement.
The confirmed restructuring plan contains legally binding agreements between BayWa AG and its roughly 300 financial creditors and around 37,000 shareholders affected by the plan. It is a key element in the comprehensive transformation of the company and implements fundamental measures proposed in the restructuring opinion commissioned by BayWa AG, such as prolonging existing loans to 31 December 2028 and a capital increase by up to approx. EUR 201.6 million. The plan is to be implemented immediately after its confirmation becomes final and legally binding.
BayWa AG is a modern commercial enterprise active in agriculture, heating, mobility, technology and construction. Headquartered in Munich, the company has around 400 offices and approx. 8,000 employees.
The following Gleiss Lutz team is advising BayWa AG: Dr. Matthias Tresselt (partner, Stuttgart/London), Dr. Markus Reps (counsel, Frankfurt, joint leads), Dr. Florian Kienast, Dr. Johannes Locher (all Restructuring, both Stuttgart), Dr. Stephan Aubel (partner), Christian Schröder (both Capital Markets), Dr. Stefan Rützel (partner), Dr. Gordon Kardos (both Dispute Resolution, all Frankfurt).
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