Company’s plan was already underway, with new loans secured until end of 2028, but legal backing now in place
A restructuring plan submitted by German conglomerate BayWa has been approved by a local court in its home city of Munich.
The restructuring plan, which was already adopted with the required majorities at a discussion and voting meeting on 15 May 2025, is expected to see the group sell off most of its foreign operations.
Among those overseas companies are a number that form part of its BayWa Global Produce division, including T&G Global and TFC Holland.
“The restructuring plan makes legally binding arrangements between BayWa AG and its approximately 300 financial creditors and shareholders affected by the plan,” it said in a statement.
Chief executive officer Frank Hiller commented: “The confirmation by the local court was a logical step. We are still on the right path to transformation.”
Chief restructuring officer and management board member Michael Baur added: “We successfully implemented the necessary StaRUG process in a short period of time with a high degree of professionalism and minimal disruption to our operating business. With the court’s confirmation of the plan, the process is now complete.”
