♦ Yesterday afternoon, on Wednesday, May 21, after the announcement on the transaction, the shares were suspended from trading, and later returned to a price of 25%, but without seller ♦ Many expect the price to reach the threshold of 21 lei per share, the one in the offer ♦ It is not a mining, but a car, of investors, in front of Victor Bostan, would sell.
The Poles from Maspex, who hold Tymbark and Bucovina water juices, want to make a new purchase in Romania, more precisely they want to enter the wine market, by taking over the majority package of Purcari, an agreement of over 420 million lei. If he receives the ASF agreement, this could become the most important transaction in the wine industry. Maspex was already a minority shareholder in the company, but had a package of under 5%. The wine producer Purcari, originally from the Republic of Moldova, but listed on the Bucharest Stock Exchange, operates over 2,000 hectares with vines, these being located in both Romania and Dicolo de Prut and Bulgaria. The company is one of the most important actors in the local wine industry, having in 2024 revenues of 382 million lei (75 million euros), plus 3%. The group has been relieved both directly and through purchases. As for Maspex, this is a giant from Poland, with a presence in 80 countries and with business of 3.7 billion euros last year. Like Purcari, the Poles have developed both from zero and through purchases, this being the strategy on the Romanian market. Maspex has been active locally since 1996. In October 2001, he introduced the former «Canned SA» factory in Vălenii de Munte, Prahova County, in a large process of re-technology and modernization. In December 2013, the group took part of the assets of Pan Group (Craiova), a purchase that facilitated the introduction in the company's portfolio of new product categories – Snacks under the Salatini brand. More recently, in 2016, the Poles bought Rio Bucovina, one of the largest natural mineral water producers in Romania. Now, by taking over a majority package in Purcari, Maspex would enter the wine market, a strong competitive market, with many native actors. This transaction would not be the first in the wine market, but it would certainly be the largest. In the sector, today, multiple smaller businesses are for sale, who are looking for a buyer – some for a long time. The reason? The market decreases, and the consumption is anemic. According to BVB.ro data, 60% of Purcari shares are owned by legal persons – 20% by amboselt, and the rest of retail investors. The company had at the time of the announcement a capitalization of 570 million lei, at a price per share of 14.28 lei. The price agreed by the parties is 21 lei per share. The parties did not announce what package of shares would be, the term used being «control position», which means over 50%. At a price per share of 21 lei, it means that the transaction jumps of 420 million lei, according to ZF calculations. Yesterday afternoon, on Wednesday, May 21, after the announcement on the transaction, the shares were suspended from trading, and later returned to a price higher by 25%, but without seller. Many are waiting for the price to reach the threshold of 21 lei per share, the one on the offer. It is not a hostile takeover, but a hill through which the Poles from Maspex increase their possession, and a series of investors, led by Victor Bostan, will sell.
For other news, analyzes, articles and information from real -time business follows the financial newspaper on WhatsApp Channels