BAYWA XETR:BYW:
SAID ON TUESDAY: REACHES UNDERSTANDING IN PRINCIPLE TO ADJUST RESTRUCTURING AGREEMENT
EXTENSION OF RESTRUCTURING PERIOD AND PROLONGATION OF FINANCIAL LIABILITIES UNTIL END OF 2030
UP TO EUR 700 MLN OF LIABILITIES TO BE CONVERTED INTO SUBORDINATED INSTRUMENT
MAJOR SHAREHOLDERS TO TRANSFER 67.1% OF SHARES TO TRUSTEE SUBJECT TO BAFIN EXEMPTION
HEATING & MOBILITY DIVISION TO BE SOLD BY END OF 2029
PROCEEDS ARE TO BE USED PRINCIPALLY TO REPAY FINANCIAL LIABILITIES
Source text for Eikon: [BYWGnx.DE]