BayWa AG has agreed the sale of Cefetra Group to First Dutch (PGFO B.V.). The deal is expected to be completed in the coming months, following customary closing conditions.
Cefetra was part of BayWa for more than twelve years, and will remain independently operated, with continuity for all commercial and operational relationships.
“Our new shareholder brings a long-term perspective and values our independent position in the market,” said Daan Vriens, CEO Cefetra Group.
“Their support allows us to stay focused on our purpose, while continuing our ways of working and partnerships.”
First Dutch chairman Peter Goedvolk added: “We are a global player in the commodity supply chains with representations over 1,500 ports in the world, lead from the hometown of Cefetra for over hundred years and First Dutch: Rotterdam, the gateway to Europe.“