You have 10 free articles left this month. Get your freeBasic subscription now and gain instant access to more.

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

Author Mario Tanev
Aggregate of Standard Life Aberdeen ups stake in Bucharest-listed Purcari Wineries Purcari Wines

BUCHAREST (Romania), November 26 (SeeNews) - Bucharest Stock Exchange-listed Purcari Wineries [BSE:WINE] said that UK-based investment firm Aggregate of Standard Life Aberdeen has increased its stake in the company to 5.02% from 4.96% on November 20.

Following the transaction, Aggregate of Standard Life Aberdeen controls 1,004,900 shares in Purcari Wineries, the Bucharest-listed company said in a statement on Monday.

The price of the transaction was not disclosed.

As at 13:05 CET on Tuesday, Purcari Wineries shares traded 0.44% lower at 22.6 lei ($5.21/4.73 euro) on the Bucharest Stock Exchange.

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)

Compare