Advises on financial aspects of Maspex Group's purchase of Purcari Wineries, as per our site, for PKO BP
In a significant move, Maspex Romania, a subsidiary of the Maspex Group - one of the largest food and beverage producers in Central and Eastern Europe - has strengthened its position in the region with the acquisition of Purcari Wineries. The acquisition, partially financed by a loan governed by Polish law, marks a significant step in Maspex's long-term strategy to consolidate and expand its presence in the premium beverage segment.
The cross-border financing involved complex coordination to comply with both Polish legal frameworks and Romanian regulatory requirements. PKO Bank Polski S.A. Varsovia, Sucursala București and the global law firm Norton Rose Fulbright played crucial roles in this process.
Norton Rose Fulbright, under the supervision of Grzegorz Dyczkowski, the head of the Warsaw office and the firm's Warsaw banking and finance practice, advised PKO Bank Polski on providing the loan to Maspex Romania. The banking and finance team, led by counsel Jacek Smardzewski, included associates Michał Rutkowski and lawyer Natalia Rybak.
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.
The acquisition structure required meticulous planning to ensure compliance with both Polish and Romanian legal frameworks. The deal underscores the legal complexity involved in cross-border financing for acquisitions in the European market.
Maspex Group has been present in Romania for nearly 30 years, and the acquisition of Purcari Wineries is a testament to the company's strategic commitment to the region. The Group has previously strengthened its position in Romania through organic growth and strategic acquisitions, including Rio Bucovina and Arnos.
With this acquisition, Maspex Romania is well-positioned to capitalise on the growing demand for premium beverages in the region. The company looks forward to leveraging Purcari Wineries' expertise and extensive vineyard holdings to expand its portfolio and cater to discerning consumers.
PKOBank Polski, in cooperation with Norton Rose Fulbright, played a pivotal role in providing finance for Maspex Romania's acquisition of Purcari Wineries, as the deal necessitated cross-border financing and adherence to both Polish and Romanian regulatory requirements. This acquisition, a strategic move by Maspex Group to strengthen its presence and cater to the growing demand for premium beverages in Central and Eastern Europe, underscores the complex financial dealings inherent in the business and industry sectors.
