Street Talk

BayWa forced to exit $750m-plus Aussie business, solicits banks

Sarah Thompson, Kanika Sood and Emma Rapaport

Jun 29, 2025 – 6.23pm

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It’s time to get familiar with Germany’s BayWa, a troubled agriculture and renewable energy giant with assets across Australia and the Asia-Pacific region.

The Munich-headquartered trading group is deep in debt-slashing mode, after being forced to pursue a major restructuring and reduce its burden by €4 billion ($7.2 billion) by offloading its offshore assets.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.