BayWa AG, DE0005194062

BayWa AG, DE0005194062

17.11.2016 - 15:24:49

BayWa AG acquires stake in a South African joint venture company

Disclosure of an Inside Information According to Article 17 MAR

BayWa AG acquires stake in a South African joint venture company

BayWa AG, Munich, has signed agreements for the setting up of a joint venture with Barloworld South Africa Proprietary Limited, headquartered in Sandton (Johannesburg), South Africa ("Barloworld South Africa") today on November 17, 2016. The objective of the aforementioned joint venture is the distribution of agricultural and materials handling equipment.

In the context of the setting up of the joint venture Barloworld South Africa will contribute its existing business in the area of agricultural and materials handling equipment to a South African company, the shares of which are held by the South African joint venture company K216275655 (South Africa) Proprietary Limited (in the future: BHBW Holdings Proprietary Limited). BayWa AG acquires a 50% stake in the aforementioned joint venture company.

The closing of the transaction is subject to clearances under antitrust laws as well as further customary closing conditions. The purchase price payable by BayWa AG for the 50% stake in the joint venture company is just below EUR 20 million. Each of BayWa AG and Barloworld South Africa will issue guarantees in a single-digit million euro amount to secure bank loans to be provided to the joint venture company.

For BayWa AG, the stake in the South African joint venture company constitutes an important further step forward in its international growth strategy in the area of agricultural machinery. By setting up the joint venture, BayWa AG does not only gain access to the South African market, but also to important further markets in the sub-Saharan region. The joint venture is the second project between a company of the Barloworld group and BayWa AG. A joint venture (50:50) in Zambia was already established between the two enterprises in 2015.

BayWa AG

Board of Management

BayWa Aktiengesellschaft, Arabellastrasse 4, 81925 Munich, www.baywa.de

WKN 519406 // ISIN DE0005194062; WKN 519400 // ISIN DE0005194005

Contact: Marion Danneboom, BayWa AG, Head of PR/Corporate Communications, tel. +49 (0)89/92 22-36 80, Fax +49 (0)89/92 22-36 98, e-mail: marion.danneboom@baywa.de

17.11.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language: English Company: BayWa AG Arabellastraße 4 81925 München Germany Phone: 089/ 9222-3691 Fax: 089/ 9222-3698 E-mail: marion.danneboom@baywa.de Internet: www.baywa.de ISIN: DE0005194062, DE0005194005, WKN: 519406, 519400, Indices: SDAX Listed: Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart, Tradegate Exchange End of Announcement DGAP News-Service

@ dgap.de

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