Germans looking at whether to sell off NZ's T&G Global

A significant chunk of T&G Global's revenue comes from apples. (Image: Getty)

Thu, 05 Dec 2024

A significant chunk of New Zealand fruit and vege grower T&G Global could soon be on the block as its majority owner looks at whether to hive off holdings outside Germany.Munich-based BayWa AG owns 73.9% of the tightly held NZ Exchange-listed (NZX) enterprise. Wo Yang Ltd holds 19.9%.In a brief statement to the market on Thursday afternoon, T&G said BayWa AG was undertaking a transformation of its business.'Business and shareholdings'As part of that, it had announced some potential changes to its business, including envisag...

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