Following months of speculation and BayWa AG’s announced plans to reduce international investments, T&G Global is officially exploring strategic options including a potential sale of the business
New Zealand-based exporter T&G Global has confirmed it is up for sale and has engaged Craigs Investment Partners to assist with that process.
Following months of speculation, it also said it had received a number of expressions of interest in a potential takeover.
Earlier this week, a report in the Australian Financial Review suggested that Australian firm ROC Partners was among those interested parties.
Responding to that speculation, T&G Global told the New Zealand Stock Exchange: “Following BayWa AG’s December 2024 announcement that it is reducing its international investments as part of its business-wide transformation programme, T&G Global has received a large number of expressions of interest in its business.”
It added: “At this time, T&G Global is not aware whether BayWa has made a decision about its shareholding in T&G Global.”
That being the case, T&G Global has itself undertaken a process to “consider its strategic options”, it revealed.
“This includes sharing initial business information to determine if, at a potential stage in the future, it is appropriate to explore any form of sales process for any of its divisions.”
Late in 2024, BayWa announced a broad “transformation concept” that included divesting or streamlining its major international holdings, as it sought to reduce its debt in the face of lower profit margins in parts of its business.
