DGAP-Ad-hoc: BayWa AG sells a majority stake in the group holding Frisch & Frost
BayWa AG / Disposal
10.05.2010 17:42
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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BayWa AG sells a majority stake in the group holding Frisch & Frost
Frisch & Frost Nahrungsmittelgesellschaft mbH, Hollabrunn (Austria), will
be managed in future as a joint venture between the Dutch food company Lamb
Weston/Meijer and RWA Raiffeisen Ware Austria AG, Vienna. Lamb
Weston/Meijer has acquired 74 percent of the shares in Frisch & Frost.
Vienna-based RWA Raiffeisen Ware Austria AG will retain a blocking minority
in Frisch & Frost, formerly a wholly-owned subsidiary. Approval by the
antitrust authority is still pending. The transaction still requires
approval by the antitrust authority. RWA is the wholesaler and services
company of Lagerhaus (warehousing) cooperatives in Austria and belongs to
the group of Munich-based BayWa AG.
'We view the sale of the majority stake in the production company Frisch &
Frost as another step in the direction of Frisch & Frost's successful
development and a measure which will serve to focus our holding portfolio
on trading and logistics in our core businesses of agriculture, building
materials and energy,' commented Klaus Josef Lutz, BayWa's Chief Executive
Officer, in explanation of the decision.
Frisch & Frost is a company which processes potatoes and plays an important
role for agriculture. Its produces mainly french fries, potato specialities
and strudel.
Lamb Weston/Meijer is a joint venture between the Dutch family-owned
company Meijer and Lamb Weston, North America's market leader, which serves
to promote the potato interests of the two parties. All in all, the company
processes 1,100,000 tons of potatoes into high-quality frozen products in
Europe. It is a supplier to customers in gastronomy, trade and industry.
Lamb Weston/Meijer has a total of four production sites in Europe, namely
three in the Netherlands and one in England, and a workforce of more than
1,200 employees.
BayWa Aktiengesellschaft, Arabellastraße 4, D - 81925 München, 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
10.05.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP.
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, Hannover, Düsseldorf, Hamburg,
Stuttgart
End of News DGAP News-Service
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