The envisaged transaction is structured as a share deal and would include SERVE Ceptura SRL’s assets, including vineyards, additional land available for plantations, production facilities and equipment, wine stocks and brands.
“The signing of the binding offer does not constitute a commitment to complete the transaction. Completion remains subject to the negotiation and execution of the definitive transaction documents (including the SPA), the receipt of all required corporate and regulatory approvals, including foreign direct investment (FDI) clearance. Accordingly, there can be no assurance that the transaction will be completed,” Purcari officials say in a report to the Bucharest Stock Exchange.
Purcari has had a new majority shareholder since last summer – Maspex, a Polish-held group known for such brands as Tymbark and Bucovina, which now owns almost three quarters of the winemaker.
(English version by Loredana Fratila-Cristescu)