Aggregate of Standard Life Aberdeen cuts stake in Bucharest-listed Purcari Wineries

Following the transaction, Aggregate of Standard Life Aberdeen controls 993,700 shares in Purcari Wineries, the Bucharest-listed company said in a statement.

The price of the transaction was not disclosed.

As at 9:45 CET on Wednesday, Purcari Wineries shares traded 0.89% lower at 22.2 lei ($5.15/4.65 euro) on the Bucharest Stock Exchange.

Aggregate of Standard Life Aberdeen has sold and purchased small stakes in Purcari Wineries on several occasions in the past month, but remained close to the 5% threshold.

Purcari Wineries is a public company incorporated under the laws of Cyprus, which owns wineries in Romania and Moldova. The company was admitted to trading on the Bucharest Stock Exchange in February 2018 and is now part of the blue-chip BET index.

It owns over 1,000 hectares of vines and four wineries in Romania and Moldova - Bostavan, Purcari, Ceptura and Bardar. Its main markets are Romania, Moldova, and Poland.

(1 euro=4.78 lei)