BayWa agrees to sell Cefetra in €125 mln deal
Sale cuts debt as German trader presses restructuring
24 December 2025
1 minute read
By: German trading group BayWa AG said on Tuesday it has agreed to sell its grain and oilseed trading branch Cefetra to a consortium of investors for about 125 million euros ($147.44 million), reported Reuters.
BayWa said it will also receive about 62 million euros from repayment of shareholder loans as part of Cefetra's refinancing, while its bank liabilities will fall by more than 600 million euros after Cefetra's removal from its financial statements and using the sale proceeds primarily to pay down debt.
The Munich-based agricultural supplies trader has grappled with rising borrowing costs, forcing it to embark on a restructuring plan, including job cuts.
BayWa had reached a deal in June with PGFO, a unit of First Dutch Group controlled by entrepreneur Peter Goedvolk, to sell Cefetra for the same amount, as part of an effort by the German company to cut its debt burden, but the talks fell through after PGFO failed to secure the necessary financing for the purchase.
The company said it remained confident of completing the restructuring by the end of 2028 and expects to receive the cash and debt relief outlined in its restructuring plan upon completion of the transaction.
($1 = 0.8478 euros)
