BayWa sells Cefetra to First Dutch

BayWa reaches agreement with Dutch entrepreneur Peter Goedvolk on the sale of Cefetra Sale of shares reduces the BayWa Group's bank liabilities by more than €650 millionBayWa is making further progress with its transformation and today reached an agreement with Dutch entrepreneur Peter Goedvolk, Chairman of First Dutch, on the sale of its subsidiary Cefetra. The sale is still subject to antitrust reviews and other customary conditions. The sale will reduce BayWa's bank liabilities by more than €650 million, of which around €500 million will result from the deconsolidation of Cefetra. For First Dutch, this is an important step towards global supply chain solutions for agricultural commodities, (bio)fuels, energy, gas, chemicals and renewable energies.With the sale, BayWa AG reaches another important milestone in its far-reaching transformation to lead the company into a sustainable future with significantly less debt. The transformation provides for organisational streamlining, numerous operational cost-saving measures and the sale of major international holdings while continuing the four core business areas of Agriculture, Building Materials, Heating & Mobility and Agricultural Equipment. The funds released by the company sales are to be used to strengthen the liquidity of the operating business and to repay debt.BayWa already finalised an investment in Raiffeisen Ware Austria Aktiengesellschaft (RWA AG) at the beginning of May, which led to a reduction in bank liabilities of around €500 million. Together with the sale announced today, BayWa will reduce its debt by more than €1.1 billion as early as 2025 upon completion of the Cefetra transaction.Peter Goedvolk is proud to welcome Cefetra as an experienced member of the First Dutch family of companies: "First Dutch is a global player in commodity supply chains with offices in over 1,500 ports worldwide and headquartered in Cefetra's home city of Rotterdam, the gateway to Europe."Dr Frank Hiller, CEO of BayWa, said: "The sale is a step in the right direction as we continue to focus on the business areas that form the core of BayWa."Michael Baur, CRO of BayWa, commented: "Today's signing of the contract for the sale of Cefetra means a further significant reduction in the BayWa Group's debt by over €650 million with the closing planned for Q3 2025. Following the sale of the RWA shares realised in the first half of 2025, the sale of Cefetra is another significant structural milestone in BayWa's ongoing transformation."About CefetraThe Dutch Cefetra Group is a global supplier of agricultural raw materials for the animal nutrition, food additive and energy industries. The Group comprises 17 companies operating in over 35 locations in Europe and beyond, close to both source and target markets. With a broad and growing product portfolio and in-depth market knowledge, the Cefetra Group works closely with suppliers, customers and farmers to provide reliable and responsible sourcing solutions. The Group includes established brands such as Cefetra, Royal Ingredients Group, Tracomex, Sedaco, Premium Crops and Brüning. It aims to build more sustainable supply chains by improving traceability and promoting responsible practices in close cooperation with its partners along the entire value chain.About First DutchWith a turnover of €4 billion in 2024 and 3,000 employees, First Dutch is a cutting-edge global supply chain solutions provider and already a leader in (bio)fuels, energy, gas, chemicals and renewables. First Dutch operates according to the latest standards in sustainability and efficiency. With its group of companies, First Dutch is active in over 1,500 ports worldwide and can therefore support its customers' global supply chains efficiently and sustainably. Its roots lie in the Rotterdam Delta, where a unique economic complex has developed. Rotterdam is also the epicentre of the energy transition and the global hub for raw materials.About BayWa AGBayWa AG is a modern trading company operating in the Agriculture, Heating, Mobility, Agricultural Equipment and Building Materials business sectors. With its products and services, it helps its customers to feed people well, create living spaces for generations and provide mobility and heat exactly where they are needed. Since 1923, the company has stood for security of supply - especially in rural areas. Today, BayWa AG, headquartered in Munich, is represented at around 400 locations and employs around 8,000 people. Further information can be found at: www.baywa.com/presse.Weiter zum vollständigen Artikel bei BayWa AG (vink. NA) Weiter zum vollständigen Artikel bei BayWa AG (vink. NA)