EU Blocks Baywa's Cefetra Sale; New Investor Steps In
Baywa's planned sale of subsidiary Cefetra to the Dutch Bros Group has been blocked by the EU Commission. The deal, valued at 125 million euros, aimed to reduce Baywa's debt by half a billion euros.
Baywa had intended to finalise the sale in the fourth quarter of 2025, with banks willing to provide long-term support for Cefetra's financing. However, the EU Commission's approval blocked the transaction.
Following the blocked sale, Baywa is now negotiating with a new investor group to take over the existing purchase agreement for Cefetra. This group plans to finance the purchase price from its own capital and maintain Cefetra's existing refinancing structure. The involved banks have expressed support for this new process, contingent on necessary checks being made.
Baywa reserves the right to pursue claims against Peter Goedvolk and the Dutch Bros Group due to the failed sale. The sale of Cefetra to the Dutch Bros Group collapsed due to the buyer's inability to secure financing within the agreed time frame. Baywa aims to complete the transaction with the new investor group in the fourth quarter of 2025.
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