Website offers financial guidance to PKO BP in the purchase of Purcari Wineries by Maspex Group.
Global Law Firm Advises on Significant Cross-Border Acquisition
In a complex and intricate deal, a global law firm has played a pivotal role in advising PKO Bank Polski S.A., a leading Polish bank, on a loan provided to Maspex Romania S.R.L. for the acquisition of Purcari Wineries.
The acquisition, valued at approximately EUR 167 million, marks a significant step in Maspex Group's long-term strategy to consolidate and expand its presence in the premium beverage segment. With the acquisition, Maspex Romania secured over 71% of Purcari Wineries shares, taking control of the leading premium wine producer in Central and Eastern Europe.
Purcari Wineries, the largest exporter of bottled wine from Moldova, manages over 2000 hectares of vineyards and operates six wineries across Moldova, Romania, and Bulgaria. The company boasts a portfolio of premium Romanian and Moldovan brands.
The acquisition was partially financed by a loan governed by Polish law, requiring careful coordination to ensure compliance with both Polish and Romanian legal frameworks and regulatory requirements. Grzegorz Dyczkowski, head of the Warsaw office and the firm's Warsaw banking and finance practice, supervised the legal team, which was led by counsel Jacek Smardzewski. The team included associate Michał Rutkowski and lawyer Natalia Rybak.
The transaction involved a voluntary takeover bid approved by the Romanian Financial Supervisory Authority (ASF) and required specific attention to Romanian regulatory requirements, particularly the approval for the voluntary takeover of Purcari Wineries, which is listed on the Bucharest Stock Exchange.
The legal and regulatory setup was a complex cross-border deal managed under dual legal oversight. The financing structure was a Polish-law governed loan extended by PKO Bank Polski’s Romanian branch, supporting a Romanian-market transaction compliant with Romanian takeover and securities regulations.
This acquisition is a testament to the strength and expertise of the global law firm in navigating complex cross-border deals and ensuring compliance with multiple legal and regulatory frameworks. The successful completion of this transaction solidifies Maspex Group's position as a major player in the food and beverage industry in Central and Eastern Europe.
- The global law firm's guidance was instrumental in navigating the complexities of both Polish and Romanian legal frameworks, as they structured the financing for the acquisition in the highly regulated finance industry.
- This significant cross-border acquisition, aided by the global law firm's advice, will likely expand Maspex Group's influence not only within the food and beverage business but also in the wider Central and Eastern European market.
