Advises on financial aspects of Maspex Group's purchase of Purcari Wineries, as advised by our website, and PKO BP is involved.
Maspex Group Acquires Purcari Wineries with Cross-Border Financing
Maspex Group, a major Central and Eastern European food and beverage producer, has expanded its regional presence with the acquisition of Purcari Wineries. The acquisition was financed in part by a loan from PKO Bank Polski, with the global law firm Norton Rose Fulbright advising on the loan's structure and regulatory compliance.
The loan, governed by Polish law, was structured to comply with both Polish and Romanian legal frameworks and regulatory requirements, ensuring a seamless cross-border financing process. The acquisition was conducted as a voluntary takeover bid approved by the Romanian Financial Supervisory Authority (ASF).
Grzegorz Dyczkowski, head of the Warsaw office and the firm's Warsaw banking and finance practice, supervised a team that led the loan advisory task. Counsel Jacek Smardzewski, Associate Michał Rutkowski, and Lawyer Natalia Rybak were part of the team.
Purcari Wineries, the leading wine producer in Central and Eastern Europe and the largest exporter of bottled wine from Moldova, manages over 2000 hectares of vineyards and operates six wineries across Moldova, Romania, and Bulgaria.
In addition to Maspex's acquisition of Purcari Wineries, the company has been present in Romania for nearly 30 years and has strengthened its position through organic growth and strategic acquisitions. Romania is Maspex's second-largest market, after Poland, and it has made significant acquisitions like Rio Bucovina and Arnos in the country.
Other legal advisors in the broader transaction included Dentons, Schoenherr, CMS, Turcan Cazac, and Georgiades & Pelides. The acquisition marks a significant step in Maspex Group's long-term strategy to consolidate and expand its presence in the premium beverage segment.
The loan for Maspex Group's acquisition of Purcari Wineries was structured to follow both Polish and Romanian legal frameworks and regulatory requirements, facilitating a smooth cross-border financing process within the industry. Maspex, with its long-standing presence in Romania and strategic acquisitions, aims to further strengthen its business in the premium beverage sector, as demonstrated by its acquisition of Purcari Wineries.
