DGAP-Ad-hoc: RWA and AGRANA found Joint Venture; BayWa Group continues to expand internationally
BayWa AG / Key word(s): Miscellaneous
28.02.2011 16:31
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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The issuer is solely responsible for the content of this announcement.
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Ad-hoc release pursuant to Section 15 of the German Securities Trading Act
(WpHG)
RWA and AGRANA found Joint Venture
BayWa Group continues to expand internationally
Raiffeisen Ware Austria (RWA) and AGRANA, a sugar, starch and fruit group,
plan to combine Ybbstaler Fruit Austria GmbH and AGRANA Juice Holding GmbH,
both subsidiaries operating in the fruit juice concentrate business, to
form a joint venture. RWA is a majority holding of Munich-based BayWa AG.
The transaction still has to be approved by the respective anti-trust
authorities.
The joint venture, in which AGRANA will hold a stake of 50.01 %, will be
fully consolidated by the company. RWA will hold 49.99 % and, at the end of
five years, can raise this holding to 50 %. The headquarters of the joint
venture will be located in Kroellendorf (Lower Austria).
Ybbstaler Fruit Austria GmbH operates three processing plants, one of which
is in Austria and two in Poland. AGRANA Juice Holding GmbH has 12
production sites in Austria, Denmark, Hungary, Poland, Romania, Ukraine and
in China. In addition, it maintains a warehouse in Germany.
The combination of the two fruit juice concentrate companies takes account
of changing conditions in the markets which have seen concentrate
manufacturers and beverage filling companies undergoing a process of
increasing consolidation in recent years.
'The joint venture between RWA, with its very successful Ybbstaler holding,
and AGRANA, which operates globally on all continents, is another important
step in the internationalisation of the BayWa Group,' declared Klaus Josef
Lutz, Chief Executive Officer of BayWa AG, who welcomes the joint venture.
He anticipates that the combination of Ybbstaler and AGRANA Juice in an
increasingly globalised fruit juice concentrate market will reinforce the
competitive edge.
BayWa AG is a trading and services group with international operations in
the sectors of agriculture, building materials and energy. The Group is
represented in Europe and North America through its workforce of about
16,200 employees. The Group achieved an EBIT of around EUR 130 million and
revenues of almost EUR 8 billion in 2010.
RWA, the wholesaler and services company of Lagerhaus (warehousing)
cooperatives, is one of Austria's largest trading companies and
concentrates primarily on trading in agricultural produce and resources,
building materials, the DIY business and energy. RWA has holdings in
Austria as well as in the CEE region. In 2010, the RWA Group generated
revenues of just under EUR 2 billion.
Ybbstaler, a wholly owned subsidiary of Raiffeisen Ware Austria, is a
well-known manufacturer of natural beverage compounds, fruit juice
concentrates, fruit sweetness and aromas. With its processing plants in
Austria and Poland, Ybbstaler ranks among the important companies in this
sector. The export rate of Ybbstaler comes to around 90 %.
AGRANA, a processor of agricultural raw materials specialised in sugar,
starch and fruit, is the market leader for sugar in Central and Eastern
Europe as well as an important producer of special starch products in
Europe. In its Fruit business segment, AGRANA is the world market leader in
fruit preparations for the dairy industry and one of Europe's leading
producers of fruit juice concentrate. With some 8,000 employees in 52
production locations situated in 25 countries worldwide, AGRANA generated
revenues of around EUR 2 billion.
BayWa Aktiengesellschaft, Arabellastraße 4, D - 81925 München, www.baywa.de
WKN 519406 // ISIN DE0005194062; WKN 519400 //
ISIN DE0005194005
Editorial details:
Marion Danneboom, BayWa AG, Head of PR/Corporate Communication,
tel. +49 (0)89/92 22-36 80, fax +49 (0)89/92 22-36 98,
e-mail: marion.danneboom@baywa.de
Contact:
Marion Danneboom, BayWa AG, Head of PR/Corporate Communication,
tel. +49 (0)89/92 22-36 80, Fax +49 (0)89/92 22-36 98,
e-mail: marion.danneboom@baywa.de
28.02.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: BayWa AG
Arabellastraße 4
81925 München
Deutschland
Phone: 089/ 9222-3691
Fax: 089/ 9222-3698
E-mail: presse@baywa.de
Internet: www.baywa.de
ISIN: DE0005194062, DE0005194005,
WKN: 519406, 519400,
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), München;
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
Stuttgart
End of Announcement DGAP News-Service
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