Baywa apparently wants to sell shares in Austrian RWA

The German agricultural and trading group Baywa apparently wants to sell its shares in the Austrian Raiffeisen Ware Austria (RWA), as well as most of its other foreign company holdings. One of Baywa AG's business areas is the building materials trade. RWA is also active in the home improvement and gardening retail sector through its Lagerhaus distribution channel. The background to this is the financial difficulties in which Baywa finds itself due to costly investments and a high mountain of debt.

The agricultural and trading group's press office presented a transformation concept that, in addition to job cuts, also announced "the sale of major international holdings while continuing the four core business areas of agriculture, building materials, energy and technology". The extent of these divestments was not communicated. They are to take place by the end of 2027. This should reduce the…