T&G Global has appointed Goldman Sachs to assist with the possible change in ownership at the NZ fresh-produce supplier.
Nine months ago, T&G announced it was up for sale with its major shareholder, the German conglomerate BayWa, looking to offload its stake.
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At the time, the group said had “received a large number of expressions of interest in its business” after BayWa’s announcement in December 2024 it was reducing its investments as part of wider corporate changes at the German group. BayWa, which does business in sectors including building materials and renewable energy, ended 2024 with a loss of around €1.6bn ($1.86bn).
T&G also said it had started a process to “consider its strategic options”.
In a stock-exchange filing on Thursday (26 March), the publicly-listed T&G issued a brief statement after a media report in Australia.
“T&G Global Limited notes an article published yesterday in The Australian commenting that the company has appointed Goldman Sachs to relaunch a sales process of the company.
“As T&G Global previously advised the market in July 2025, the company is going through a process to consider its strategic options. No decision has been made at this time in respect of that process.
“As also previously advised to the market in July 2025, T&G Global’s largest shareholder, BayWa AG, has announced that it is proposing to sell its shareholding in the Company. T&G Global confirms that it has appointed Goldman Sachs to assist the company in respect of that matter.
“T&G Global will continue to keep the market informed in accordance with its continuous disclosure obligations.”
