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Baywa Considers Grain Trade Acquisitions, FAZ Reports

March 23 (Bloomberg) -- Baywa AG is looking at takeovers in the grain trade, to broaden its international reach, the Frankfurter Allgemeine Zeitung reported, citing an interview with Chief Executive Officer Klaus Josef Lutz.

While Lutz declined to name any potential takeover targets, he said Baywa is “working on one concrete option,” according to the newspaper.

To contact the reporter on this story: Alex Webb in Frankfurt at awebb25@bloomberg.net

To contact the editor responsible for this story: Chad Thomas at cthomas16@bloomberg.net

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