BayWa AG, DE0005194062

BayWa AG, DE0005194062

07.03.2017 - 08:32:26

BayWa AG sets up a joint venture in the United Arab Emirates

BayWa AG sets up a joint venture in the United Arab Emirates

BayWa Aktiengesellschaft

Disclosure of insider information pursuant to Art. 17 MAR of the Market Abuse Regulation

Munich, 7 March 2017

Today, BayWa AG has entered into several agreements with Al Dahra Agriculture LLC and Al Dahra National Investments LLC ("Al Dahra"), having their seats in Abu Dhabi, in connection with the foundation of a joint venture company in Abu Dhabi ("Transaction"). Al Dahra is a leading company in the agriculture industry.

The joint venture company is meant to build greenhouses in the Arab country in order to market premium fruit vegetables such as tomatoes in the United Arab Emirates in the future. The joint venture is part of BayWa group's specialty strategy. With the production of agrarian specialties, BayWa extends its real net output ratio in order to tap into international growth markets for agrarian specialties.

BayWa AG will provide a loan amounting to approximately 30 million Euros for the project. The completion of the Transaction is, inter alia, subject to the approval of the competent authorities in the United Arab Emirates.

BayWa AG Management Board

BayWa Aktiengesellschaft, Arabellastraße 4, 81925 Munich, www.baywa.de WKN 519406 // ISIN DE0005194062; WKN 519400 // ISIN DE0005194005

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

07-March-2017 CET/CEST 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

550935  07-March-2017 CET/CEST

@ dgap.de

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