The book-building process will be carried out on the spot regulated market operated by the Bucharest Stock Exchange, in a separate segment dedicated to public offers.
Broker Wood & Company Financial Services will act as sole global coordinator and joint bookrunner and Raiffeisen Bank S.A. and Raiffeisen Centrobank AG will act as joint bookrunner.
Purcari will not collect any funds deriving from ABB.
Purcari was founded by Victor Bostan, who also holds the position of general manager. Bostan owns a 25% stake in Purcari through the company Amboselt Universal, registered in the British Islands.
Purcari Wineries Group ended the first half of 2019 with revenue of RON88 million, up 25% year-over-year, and a net profit of nearly RON17 million, up 7% compared with the year-earlier period. Sales of Purcari wines in Romania and Moldova grew 16% in January-June 2019, by 47% in Poland, and by 24% in the Czech Republic and Slovakia, according to the company’s half-year report.