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Maspex Group Strengthens Position in Premium Beverage Market with Acquisition of Purcari Wineries
Maspex Group, one of the largest food and beverage producers in Central and Eastern Europe, has made a significant step in its long-term strategy to consolidate and expand its presence in the premium beverage segment with the acquisition of Purcari Wineries.
The acquisition, which was facilitated by a tailored cross-border loan from PKO Bank Polski S.A. Varsovia, marks a strategic move to strengthen Maspex Group's position in the Romanian market, its second-largest after Poland.
Purcari Wineries, the leading wine producer in Central and Eastern Europe, manages over 2000 hectares of vineyards and operates six wineries across Moldova, Romania, and Bulgaria. It is also the largest exporter of bottled wine from Moldova.
PKO Bank Polski S.A. Varsovia's Romanian branch played a pivotal role in the deal, extending a loan that was instrumental in enabling Maspex Romania to acquire control of Purcari Wineries via a voluntary public takeover offer on the Bucharest Stock Exchange. The loan was structured under Polish law but coordinated to comply with Romanian regulatory requirements.
The legal team from PKO Bank Polski S.A. Varsovia's in-house legal department, led by counsel Jacek Smardzewski, ensured compliance with both Polish and Romanian legal frameworks and regulatory requirements. The team included associate Michał Rutkowski and lawyer Natalia Rybak, with Grzegorz Dyczkowski, head of the Warsaw office and the firm's Warsaw banking and finance practice, supervising the team.
The global law firm Norton Rose Fulbright advised PKO Bank Polski on this financing arrangement, ensuring compliance with both Polish and Romanian laws.
The acquisition of Purcari Wineries is a key part of Maspex Group’s broader strategic expansion into premium beverage markets in Romania and the region, where Maspex has been active for nearly 30 years. The transaction and financing are expected to support Maspex Group's growth and strengthen its position in the premium beverage sector.
The acquisition of Purcari Wineries by Maspex Group is a voluntary takeover approved by the Romanian Financial Supervisory Authority (ASF). The loan for the acquisition was partially financed by a loan governed by Polish law.
Purcari Wineries is listed on the Bucharest Stock Exchange and this acquisition is a significant step in Maspex Group's long-term strategy to consolidate and expand its presence in the premium beverage segment. The acquisition is expected to bring many benefits to both companies and the industry as a whole.
The acquisition of Purcari Wineries, a leading Central and Eastern European wine producer, by Maspex Group, a prominent food and beverage producer in the region, was facilitated by a cross-border loan from PKO Bank Polski S.A. Varsovia, signifying a strategic business move to strengthen Maspex Group's position in the Romanian finance sector. This deal, which marks Maspex Group's expansion into the premium beverage industry, is expected to bring numerous benefits to both companies and the business sector as a whole.
