The Competition Councils of Moldova, Romania and Bulgaria have given the green light to the acquisition of a controlling stake in Purcari Wineries Public Company Limited by Maspex Romania SRL, according to a notice sent by the Moldovan wine producer to the Bucharest Stock Exchange (BVB) – Logos Press reports.

Maspex Romania this week completed the subscription procedure for Purcari Wineries shares through a voluntary public takeover offer. Upon completion of this €118.95 million deal, Maspex will own more than 72% of Purcari’s shares (taking into account the 1.62% stake held by Maspex prior to the subscription). At the same time, Victor Bostan has sold 5% of the shares and two investment funds have exited the business – Logos Press reports.
