DGAP-Adhoc: BayWa intends to divest TESSOL Kraftstoffe, Mineralöle und Tankanlagen GmbH

2019. május 10., péntek, 10:48





DGAP-Ad-hoc: BayWa AG / Key word(s): Miscellaneous


BayWa intends to divest TESSOL Kraftstoffe, Mineralöle und Tankanlagen GmbH


10-May-2019 / 10:48 CET/CEST


Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.


The issuer is solely responsible for the content of this announcement.




BayWa intends to divest TESSOL Kraftstoffe, Mineralöle und Tankanlagen GmbH



BayWa Aktiengesellschaft



Disclosure of inside information pursuant to Art. 17 of the Market Abuse Regulation (MAR)



Munich, 10. May 2019



BayWa AG intends to divest its wholly-owned subsidiary TESSOL Kraftstoffe, Mineralöle und Tankanlagen GmbH with its seat in Stuttgart. TESSOL"s main field of activity is the classic petrol station business. It is a member of the AVIA-group and has a network of around 150 petrol stations, mainly in southern and eastern Germany. The planned transaction is part of a capital reallocation in the corporate portfolio in order to further expand BayWa AG"s strategic business areas. Discussions with potential investors regarding the complete sale of the wholly-owned subsidiary will begin soon.



BayWa AG



Management board



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/Public Affairs,

tel. +49 (0)89/92 22-36 80, Fax +49 (0)89/92 12-36 80,

e-mail: marion.danneboom@baywa.de








10-May-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: BayWa AG

Arabellastraße 4

81925 Munich

Germany
Phone: 089/ 9222-3691
Fax: 089/ 9212-3680
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
EQS News ID: 809715





 
End of Announcement DGAP News Service




809715  10-May-2019 CET/CEST







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