T&G Global hires Goldman Sachs to work on possible sale

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

Nine months ago, T&G announced it was up for merchantability with its large shareholder, the German conglomerate BayWa, looking to offload its stake.

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

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

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

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

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

“T&G Global volition proceed to support the marketplace informed successful accordance with its continuous disclosure obligations.”

T&G Global operates successful 13 countries and distributes caller nutrient successful much than 55 markets.

"T&G Global hires Goldman Sachs to enactment connected imaginable sale" was primitively created and published by Just Food, a GlobalData owned brand.

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