Advises on the financing of PKO BP's acquisition of Purcari Wineries by Maspex Group, as detailed on our site.
PKO Bank Polski Advises on Maspex Romania's Acquisition of Purcari Wineries
PKO Bank Polski, a leading Polish bank with a branch in Bucharest, Romania, has advised on a loan to Maspex Romania S.R.L. for the acquisition of Purcari Wineries, a significant step in Maspex's long-term strategy to consolidate and expand its presence in the premium beverage segment.
The acquisition of Purcari Wineries, the leading wine producer in Central and Eastern Europe and a publicly listed company on the Bucharest Stock Exchange, is valued at around 604 million lei (~136 million USD). The legal team for the acquisition was part of PKO Bank Polski S.A., Varsovia, Sucursala București, and was led by counsel Jacek Smardzewski from the bank's Warsaw office.
The loan, which partially financed the deal, was governed by Polish law but required careful coordination with Romanian regulatory requirements due to the acquisition's cross-border nature and the need for compliance with both Polish and Romanian legal and regulatory frameworks. The involvement of the law firm Norton Rose Fulbright further highlights the complexity of the transaction. They advised PKO Bank Polski on the loan, demonstrating their expertise in handling cross-border financing transactions.
Purcari Wineries, the largest exporter of bottled wine from Moldova, brings a portfolio of premium Romanian and Moldovan brands to Maspex Group, one of the largest food and beverage producers in Central and Eastern Europe. The acquisition marks a significant expansion of Maspex's presence in the premium alcoholic beverages sector in the region.
The legal team for the acquisition was supervised by Grzegorz Dyczkowski, head of the Warsaw office and the firm's Warsaw banking and finance practice. The team included associate Michał Rutkowski and lawyer Natalia Rybak. Their hard work and dedication ensured the successful completion of the cross-border deal.
In summary, PKO Bank Polski's role was to provide the necessary financing for Maspex Romania's acquisition of Purcari Wineries, bridging the gap between Polish and Romanian legal systems to complete the deal successfully. The acquisition is a testament to Maspex's commitment to growth and expansion in the premium beverage market.
The involvement of PKO Bank Polski in the financing of Maspex Romania's acquisition of Purcari Wineries indicates their active role in the business and finance industry. The complex nature of the cross-border deal, requiring compliance with both Polish and Romanian legal and regulatory frameworks, demonstrates PKO Bank Polski's expertise in handling such transactions.
