BayWa sells Cefetra to First Dutch in debt-reduction deal Deal to cut debt by over €650 million in 202518 June 2025 18 June 2025 2 minute read 2 minute read By: By: Global Ag Media EuropeGerman agribusiness giant BayWa AG has signed an agreement to sell its subsidiary Cefetra to Dutch entrepreneur Peter Goedvolk, chairman of First Dutch, according to a company-issued press release. BayWa said the transaction will cut its bank liabilities by more than €650 million, with roughly €500 million resulting from the deconsolidation of Cefetra. “The sale is a step in the right direction as we continue to focus on the business areas that form the core of BayWa,” said BayWa CEO Frank Hiller. For First Dutch, the acquisition of Cefetra fits into its global expansion strategy. “We are proud to welcome Cefetra as an experienced member of the First Dutch family of companies.”