The remaining minority stake of 10% in HTA Danismanlik Turizm Dis Ticaret Limited Sirketi shall be retained by Husnu Tayanc, a seasoned business executive and Purcari’s local partner, as per the report.
“The Company is located at Sultan Selim Mah Eski Büyükdere Cad No 61 Interior Door No 2 Kağıthane/ İstanbul, Republic of Türkiye. Purcari’s establishment of an entity in Türkiye is a step forward to increase its footprint and market position in Middle East and Africa region. The current acquisition is part of the Group’s commercial strategy of developing new markets, after opening a non-commercial Representation Office in China in 2019 and a Trading Company in Ukraine in 2021,” according to Purcari representatives.
Purcari reported RON253 million revenues in the first nine months of 2023, up 26% from the year-earlier period, while net profit rose by 24% to RON43.8 million.
WINE shares have traded 62% over the last 12 months, ensuring a market value of nearly RON600 million.