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Germany’s BayWa Eyes Grain Trade Expansion With Romania Projects

BayWa AG is seeking to become one of the world’s five-largest grain traders as it expands operations in southern and eastern Europe, Chief Executive Officer Klaus Lutz said.

The Munich-based company plans to increase trading of grain and feed products to 40 million metric tons by 2016, about a third higher than last year, Lutz said in an interview Tuesday at Bloomberg’s office in London. BayWa purchased Dutch trader Cefetra in 2012 and has since opened offices in Madrid and Rome, and bought a trading company in Romania.