EQS-Adhoc: BayWa AG: Contracts for the sale of Cefetra signed with a new group of investors

Contracts for sale of Cefetra signed with new group of investors

Munich, December 23, 2025 – BayWa Agrar Beteiligungs GmbH, a subsidiary of BayWa AG, today announced the sale of all shares in the agricultural trader Cefetra Group BV (“Cefetra“) agreed.

The agreed purchase price is approximately 125 million euros. Of this, 80 million euros should be paid upon completion (Closing) and a further 45 million euros will be paid no later than the later of the two dates: April 30, 2026 or 90 days after closing. If the buyer pays the deferred part of the purchase price earlier, it will be reduced over time by up to 5 million euros. Through the repayment of shareholder loans as part of the refinancing of Cefetra by the buyer, BayWa AG will also receive a further approximately 62 million euros. Furthermore, the BayWa Group’s bank liabilities are reduced by over 600 million euros due to the deconsolidation of Cefetra from the consolidated balance sheet and the use of the purchase price proceeds primarily to repay debts.

The completion of the transaction is still subject to the implementation of the consultation process with the works council of Cefetra, the approval under foreign trade law in Italy and the supervisory board of BayWa AG as well as the completion of the refinancing of Cefetra. The refinancing of Cefetra with a credit line of 600 million euros has already been agreed by Cefetra’s two core banks and must be carried out as part of the completion of the transaction (Closing) are implemented. Require Cefetra for refinancing the banks set a certain equity target value for Cefetra upon completion of the transaction. BayWa AG has committed to making a contribution of around 12 million euros to Cefetra. With regard to the additional amount required to achieve the required equity target value, the buyer has committed to making a further equity contribution to Cefetra in connection with the closing.

The Management Board of BayWa AG expects that the completion of the transaction (Closing) can take place in the first quarter of 2026.

With the completion of the transaction, the inflows and debt relief effects provided for in BayWa AG’s restructuring report in connection with the sale can be achieved.

Contact:
Josko Radeljic, BayWa AG,
Head of Investor Relations,
Tel. +49 (0)89/9222-3887,
Email: [email protected]

Dr. Frank Herkenhoff, BayWa AG,
Head of Corporate Communications,
Tel. +49 (0)89/9222-3680,
Email: [email protected]