German multinational BayWa has agreed to divest its Cefetra Group agricultural trading subsidiary to a group of European investors, subject to consultation and closing conditions.
The deal, expected to complete in Q1 2026, follows the termination of the previously agreed sale. In June 2025, BayWa announced First Dutch as Cefetra’s purchaser in a €125 million deal plus €61m in loan repayments. But the Rotterdam-based conglomerate failed to raise the necessary funds within the contractual period for the deal to complete.
The latest agreement is also for a purchase price of €125m, comprising €80m on closing and a further €45 by the end of April. BayWa says it will receive a further €62m through the repayment of shareholder loans as part of the refinancing of Cefetra by the new buyer, while BayWa Group bank liabilities will be reduced by more than €600m as Cefetra is deconsolidated from BayWa financial statements and the sale proceeds reduce Group debt.
The refinancing of Cefetra with a credit line of €600m has already been agreed by Cefetra’s two core banks and is a closing condition.
“A renewed agreement has been reached with a consortium, marking the next step towards a change of shareholder,” comments Cefetra Group chief executive Daan Vriens. “This represents a positive development for Cefetra Group, and we look forward to the formal completion of the transaction.
“Cefetra Group will be acquired by a European consortium whose philosophy is based on trust, empowerment and long-term commitment, aligned with Cefetra Group’s strategy and future direction. Cefetra Group will continue to operate as a stand-alone, independent business with its own leadership.
This new chapter provides a strong foundation for Cefetra Group’s future development. We continue to do what we do best: providing the reliable service and quality that our customers and partners can expect from us.”