Published by Global Banking & Finance Review®
Posted on June 10, 2025
2 min readLast updated: January 23, 2026
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BayWa sells Cefetra to PGFO for €125M to reduce debt. This move is part of a restructuring plan to cut liabilities by €500M and sell foreign assets by 2028.
(Reuters) -Embattled German trading group BayWa has sold its grain and oilseed trading unit Cefetra to Dutch company PGFO for about 125 million euros ($143 million) as part of an effort to cut its debt burden, it said on Tuesday.
Baywa Group will get about 61 million euros more as part of Cefetra's refinancing, resulting in a total cash inflow of about 186 million euros.
Further, the deconsolidation of the Dutch unit will cut BayWa's bank liabilities by about 500 million euros.
Last week, the German agricultural supplies trader said its restructuring plan, including job cuts, was confirmed by a Munich court, after it has been struggling with rising borrowing costs.
BayWa said in May that around 300 affected creditors agreed to an extension of loans until the end of 2028, as well as a capital increase of up to 201.6 million euros.
The company is trying to reduce its debt by 4 billion euros, notably by selling most of its foreign assets by 2028.
Last month, Reuters had reported that BayWa had received at least two offers for Cefetra, which it acquired in 2012 for the same amount as its selling price.
($1 = 0.8750 euros)
(Reporting by Harshita Meenaktshi in Bengaluru; Editing by Alan Barona and Sahal Muhammed)
BayWa sold its grain and oilseed trading unit Cefetra for about 125 million euros, equivalent to $143 million.
The sale is part of BayWa's effort to cut its debt, which it aims to reduce by 4 billion euros.
In addition to the sale price, BayWa will receive about 61 million euros from Cefetra's refinancing, totaling a cash inflow of approximately 186 million euros.
The deconsolidation of Cefetra will reduce BayWa's bank liabilities by about 500 million euros.
BayWa's restructuring plan includes job cuts and an extension of loans agreed upon by around 300 affected creditors until the end of 2028.
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