Advises on financing purchase of Purcari Wineries by Maspex Group, as outlined by our website, for PKO BP
PKO Bank Polski Delivers Cross-Border Financing Solution for Maspex Group's Acquisition
PKO Bank Polski S.A. Varsovia, through its Romanian branch PKO Bank Polski S.A. Varsovia, Sucursala București, has provided a cross-border loan financing solution to Maspex Romania S.R.L. to support the acquisition of Purcari Wineries Public Company Limited. The loan was governed by Polish law but designed to comply with both Polish legal requirements and Romanian regulatory demands, enabling a complex cross-border transaction.
Purcari Wineries, the leading wine producer in Central and Eastern Europe, is publicly listed on the Bucharest Stock Exchange and manages over 2,000 hectares of vineyards and operates six wineries across Moldova, Romania, and Bulgaria. The company is also the largest exporter of bottled wine from Moldova.
The acquisition by Maspex Group, a major Central and Eastern European food and beverage producer, marks a significant step in the Group's long-term strategy to consolidate and expand its presence in the premium beverage market. Maspex Group has been active in Romania for nearly 30 years, and this acquisition represents a significant consolidation move.
The global law firm Norton Rose Fulbright advised PKO Bank Polski S.A. Varsovia, Sucursala București on the loan to Maspex Romania S.R.L. The Warsaw-based team, led by counsel Jacek Smardzewski, managed coordination to ensure compliance with the legal frameworks of Poland and Romania for the loan facility supporting Maspex Romania. The team included associate Michał Rutkowski and lawyer Natalia Rybak, under the supervision of Grzegorz Dyczkowski, head of the Warsaw office and the firm's Warsaw banking and finance practice.
Other legal advisors involved in the transaction included CMS, Turcan Cazac, Georgiades & Pelides for Maspex Group, Dentons for Purcari Wineries' target company board, and Schoenherr for the founders of Purcari Wineries.
The acquisition structure required careful coordination to ensure compliance with both Polish and Romanian legal frameworks, and the loan was partially financed by a loan governed by Polish law. This complex cross-border financing solution demonstrates PKO Bank Polski S.A. Varsovia, Sucursala București's expertise in delivering such solutions.
- PKO Bank Polski, through its Romanian branch, provided a finance solution to Maspex Romania that aligned with both Polish and Romanian regulations, showcasing their proficiency in the business and finance industry to support cross-border acquisitions.
- The acquisition of Purcari Wineries by Maspex Group, a Central and Eastern European food and beverage producer, required meticulous coordination to ensure compliance with both Polish and Romanian legal frameworks, utilizing the industry-specific finance capabilities of PKO Bank Polski.
