Advises PKO BP on the funding for Maspex Group's acquisition of Purcari Wineries, as per our site.
Polish Bank and Legal Team Facilitate Maspex Group's Acquisition of Leading Wine Producer
PKO Bank Polski S.A. Varsovia, via its Romanian branch, has provided a loan governed by Polish law to finance Maspex Group's acquisition of Purcari Wineries. This cross-border financing solution was complex, requiring coordination to ensure compliance with Polish legal standards and Romanian regulatory requirements.
The acquisition of over 71% of Purcari Wineries by Maspex Group was a strategic move to strengthen its presence in the premium beverage market across Central and Eastern Europe. The deal, valued at around EUR 120 million (RON 604 million), was facilitated through a voluntary public takeover bid, reaching a controlling stake of about 72.7%.
Purcari Wineries, the largest exporter of bottled wine from Moldova, operates across Moldova, Romania, and Bulgaria, managing over 2000 hectares of vineyards and multiple wineries. The acquisition structure required compliance with both Polish legal frameworks and Romanian regulatory requirements.
Jacek Smardzewski, counsel in the legal team based in the firm's Warsaw office, led the team advising on the loan for Maspex Romania's acquisition of Purcari Wineries. Grzegorz Dyczkowski, head of the Warsaw office and the firm's Warsaw banking and finance practice, supervised the team. The team also included associate Michał Rutkowski and lawyer Natalia Rybak.
The legal team from a global law firm advised PKO Bank Polski S.A. Varsovia, Sucursala București on this financing deal, highlighting the cross-jurisdictional complexity and the bank's expertise in cross-border financing. This solution illustrates how Polish financial institutions and legal advisors deliver tailored cross-border financing arrangements to support regional expansion strategies by Polish corporate groups.
Maspex Group has been present in Romania for nearly 30 years, and the acquisition of Purcari Wineries marks a significant step in its long-term strategy to consolidate and expand its presence in the premium beverage segment. In Romania, Maspex Group has strengthened its position through organic growth and strategic acquisitions, including Rio Bucovina and Arnos.
PKO Bank Polski S.A. Varsovia, Sucursala București showcased expertise in delivering complex cross-border financing solutions, a testament to their capabilities in the international market. Norton Rose Fulbright also demonstrated their proficiency in advising on such deals, as they have advised PKO Bank Polski S.A. Varsovia, Sucursala București on this loan to Maspex Romania S.R.L. for the acquisition of Purcari Wineries.
- The financial transaction for Maspex Group's acquisition of Purcari Wineries was facilitated by PKO Bank Polski S.A. Varsovia, with the loan being used from the bank's Romanian branch to finance the deal within the Polish legal framework and adhering to Romanian regulatory requirements.
- The acquisition of Purcari Wineries by Maspex Group was a strategic move in the business sector, aimed at strengthening its presence in the premium beverage market across Central and Eastern Europe, and this cross-border financing solution is a testament to the expertise of Polish financial institutions and legal advisors in delivering tailored arrangements for regional expansion strategies in the industry.
