The German concern BayWa AG is taking over the shares in trading house Cefetra as of January 1, 2013. The purchase agreement with the shareholders of Cefetra was signed on September 27, 2012. The purchase price amounts to €125 (US$162.289) million. However, the relevant European competition procedures need to be completed in addition to consultation with the various works councils.
Cefetra operates as a supply chain manager for the trade in commodities. Cefetra pools the demand for agricultural commodities from customers in the feed, food and fuel industries in Northern and Central Europe. From this combined volume, Cefetra builds supply chains with its suppliers. Read more...
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