Oct 19 (Reuters) - German trading group BayWa BYWGnx.DE said on Sunday it is negotiating the possible sale of its grain and oilseed trading branch Cefetra to a new group of investors after Dutch company PGFO failed to secure the financing it needed to buy it.
BayWa had reached a deal with PGFO, a First Dutch company controlled by the entrepreneur Peter Goedvolk in June to sell Cefetra for about 125 million euros($145.74 million).
($1 = 0.8577 euros)
(Reporting by Rishabh Jaiswal in Bengaluru; editing by Philippa Fletcher)
((rishabh.jaiswal@thomsonreuters.com;))