German group BayWa acquires Cefetra

German group BayWa AG has acquired Cefetra and will officially take over the company on January 1, 2013. BayWa's acquisition of Cefetra will provide a strategic advantage for the company.

German group BayWa AG has acquired Cefetra and will officially take over the company on January 1, 2013.

BayWa's acquisition of Cefetra will provide a strategic advantage for the company. Through Cefetra, BayWa will gain access to existing and future commodity markets in all parts of the world, according to BayWa. The transaction value is expected to be $125 million.

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