The parties involved in the acquisition have agreed not to disclose the purchase price. The transaction is subject to customary regulatory approvals and is expected to be closed in November 2020.
Purcari manages some 1.400 hectares of vineyards and operates four production platforms in Romania and Moldova. The group is leader on the premium wine segment in Romania, with a nearly 25% market share, and the largest wine exporter in Moldova, with deliveries to over 30 countries.
The company has a market capitalization of RON440 million on the Bucharest Stock Exchange after WINE shares dropped 0.90%, amid deals worth RON74.02 million.