Changed stake-holdings

17.12.2013
Baywa selling shares in Italian IFS to RWA

Baywa AG is selling its 51 per cent stake in the Italian IFS GmbH to RWA Raiffeisen Ware Austria AG. Headquartered in Bozen, South Tyrol, the IFS is a franchise system operating the Gartenmarkt and Tutto Giardino garden centre lines. The planned sale has been registered with the Austrian federal competition authority. Baywa holds a minority stake in the RWA.
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