BayWa

DE: BYW6

€1133.4m market cap

€30.8 last close

BayWa has an international renewable energy business focused on solar and wind farms and trades oil and lubricants in Germany and Austria. It also trades agricultural produce and equipment within Europe and globally and is a retailer of building materials in Germany.

Investment summary

BayWa has previously flagged it was intending a capital increase with a partner to take advantage of the existing growth in the market for renewables energy. It has now announced that Energy Infrastructure Partners (EIP, formerly Credit Suisse Energy Infrastructure Partners) will take a 49% stake in the group’s renewables business unit, BayWa r. e., in return for an equity contribution of €530m. Management expects the additional capital available will significantly accelerate earnings growth for both the group and the renewables business unit medium term.

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Sector
Industrials
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Key management
Klaus Josef Lutz CEO
Andreas Helber CFO
Josko Radeljic Head of investor relations