Polish group Maspex, owner of well-known brands in Romania such as Tymbark, Tedi and Bucovina, has launched a takeover bid for 98.38% of the shares of wine producer Purcari Wineries (stock symbol WINE). The transaction, valued at approximately 835 million lei, is being carried out at a price of 21 lei per share and is open on the Bucharest Stock Exchange from July 16 to July 30, 2025.
The move is a strategic one for the Polish group, which is strengthening its presence in the premium wine segment in South-Eastern Europe. Maspex officials emphasized that the potential of the Romanian, Moldovan and Bulgarian markets was a decisive factor, with plans to develop distribution in Hungary and Ukraine.
Key transaction details:
- Price offered: 21 lei per share.
- Target package: Around 39.7 million shares (98.38% of the capital).
- Total value: 835 million lei (about €167 million).
- Intermediary: BRD – Groupe Société Générale.
The takeover process has already received preliminary clearance from the Financial Supervisory Authority (ASF) in June, which gives the transaction a high degree of certainty.
A key element for investors and the local capital market is Maspex’s stated commitment to keep Purcari Wineries listed on the Bucharest Stock Exchange after the completion of the takeover. This decision signals confidence in the company’s long-term potential and the transparency offered by the stock market.