(Reuters) -Germany's BayWa reported lower revenue for the first nine months of the year on Thursday, as the agricultural supplies trader divested several assets to pay off excessive debt. The Munich-
BayWa Reports 22% Revenue Decline Amid Restructuring
(Reuters) -Germany's BayWa reported lower revenue for the first nine months of the year on Thursday, as the agricultural supplies trader divested several assets to pay off excessive debt.
The Munich-based group's revenue fell 22% in the January-September period to 9.6 billion euros ($11.1 billion), compared to a year ago.
It has grappled with rising borrowing costs that have forced it to launch a restructuring plan, including job cuts.
($1 = 0.8627 euros)
(Reporting by Tristan Veyet in Gdansk, editing by Milla Nissi-Prussak)
