FRANKFURT (dpa-AFX) - Baywa shares went into reverse gear again on Tuesday, losing a good 5 percent. The day before, investors had reacted with a huff to a restructuring report that had become necessary, sending the shares of the agricultural trading and energy group down by up to 35 percent. At the end of trading, they were down around 28 percent.

Analysts at Warburg Research and the private bank Metzler have since withdrawn to a watch list and suspended their ratings.

According to Warburg expert Oliver Schwarz, the fact that the Group has brought a restructuring expert on board should also have an impact on day-to-day business. For example, the sales process of Solar Trade could come to an abrupt end. In addition, suppliers could insist on advance payment and, last but not least, refinancing could become more expensive.

Metzler expert Guido Hoymann now sees the shares in the grip of restructuring news rather than the operating business./ag/mis