DGAP-Ad-hoc: BLE list misleading: BayWa AG does not receive any agricultural subsidies
BayWa AG / Key word(s): Statement
29.04.2011 13:58
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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BLE list misleading: BayWa AG does not receive any agricultural subsidies
BayWa AG did not receive any European agricultural subsidies in the EU
financial year 2010. This declaration is made by the company today in
response to the list of the recipient legal entities published on the
Internet. BayWa makes explicit reference to the fact that, instead, the
company was active within the scope of its normal business activities in
respect of services put out in a public tendering procedure by the EU: in
the capacity of an intervention agency of the EU, the Group sold grain to
the BLE (Bundesanstalt für Landwirtschaft und Ernährung (German Federal
Agency for Agriculture and Food)) and, in addition, undertook the storage
of grain within the scope of a service contract. BayWa competed against
other competitors and won the tender.
There were therefore no subsidies involved. The BLE is also of the opinion
and has released the following information on its website: 'In respect of
the payments made to the sellers of products listed here, these are
payments for goods delivered and not subsidies granted to these entities.'*
The BLE, however, omits to make explicit reference to the recipient of such
payments in the list.
'This sort of information is extremely damaging for BayWa's business, as it
is an undisputed fact that BayWa has not received any subsidies from the
EU. The EU paid us in accordance with services rendered', declared Klaus
Josef Lutz, Chief Executive Officer of Munich-based BayWa AG. 'For this
reason we are considering taking legal measures against the BLE as the
party responsible for publishing the figures.'
* Quote on the BLE website: 'The payments made to the sellers of products
listed here are payments remitted for goods delivered and not subsidies
granted to these entities.' As the BLE in its role as a national German
intervention agency does not have any storage capacities itself, it
procures the necessary storage space from warehousekeepers by way of
service contracts. In the event of storage, the warehousekeepers are
remunerated for storage services rendered.'
BayWa Aktiengesellschaft, Arabellastraße 4,
D - 81925 Munich, www.baywa.de
WKN 519406 // ISIN DE0005194062; WKN 519400 //
ISIN DE0005194005
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
29.04.2011 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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