T&g Global Hires Goldman Sachs To Work On Possible Sale

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T&G Global has appointed Goldman Sachs to assistance pinch nan imaginable alteration successful ownership astatine nan NZ fresh-produce supplier.

Nine months ago, T&G announced it was up for waste pinch its awesome shareholder, nan German conglomerate BayWa, looking to offload its stake.

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At nan time, nan group said had “received a ample number of expressions of liking successful its business” aft BayWa’s announcement successful December 2024 it was reducing its investments arsenic portion of wider firm changes astatine nan German group. BayWa, which does business successful sectors including building materials and renewable energy, ended 2024 pinch a nonaccomplishment of astir €1.6bn ($1.86bn).

T&G besides said it had started a process to “consider its strategical options”.

In a stock-exchange filing connected Thursday (26 March), nan publicly-listed T&G issued a little connection aft a media study successful Australia.

“T&G Global Limited notes an article published yesterday successful The Australian commenting that nan institution has appointed Goldman Sachs to relaunch a income process of nan company.

“As T&G Global antecedently advised nan marketplace successful July 2025, nan institution is going done a process to see its strategical options. No determination has been made astatine this clip successful respect of that process.

“As besides antecedently advised to nan marketplace successful July 2025, T&G Global’s largest shareholder, BayWa AG, has announced that it is proposing to waste its shareholding successful nan Company. T&G Global confirms that it has appointed Goldman Sachs to assistance nan institution successful respect of that matter.

“T&G Global will proceed to support nan marketplace informed successful accordance pinch its continuous disclosure obligations.”