BayWa Flags €200 Million Impairment Losses Driven by Renewables Unit

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German commodities company BayWa AG, which is undergoing a wider restructuring, marked impairment losses of over €222 million ($248 million) in its first-half results.

More than three-quarters of the losses stemmed from its renewable energy unit BayWa r.e., according to a statementBloomberg Terminal Friday. BayWa holds a 51% stake in BayWa r.e., with the remainder being held by Swiss investor Energy Infrastructure Partners.

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