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Conseq Investment lifts stake in Bucharest-listed Purcari Wineries

Author Mario Tanev
Conseq Investment lifts stake in Bucharest-listed Purcari Wineries Purcari Wines

BUCHAREST (Romania), October 21 (SeeNews) - Bucharest Stock Exchange-listed Purcari Wineries [BSE:WINE] said on Monday that Czech-based Conseq Investment Management has increased its stake in the company to 6.25%, or 1,250,217 shares, on October 7.

Conseq Investment Management controls the shares through Conseq Invest Akcie Evropy, Conseq Invest Plc, Conseq penzijni spolecnost, and Conseq akciovy ucastnicky fond, Purcari Wineries said in a bourse filing. 

The price of the transaction was not disclosed.

As at 13:45 CET on Monday, Purcari Wineries shares traded 0.47% higher at 21.5 lei ($5.04/4.52 euro) on the Bucharest Stock Exchange. The price values a 6.25% stake in the company at some 26.9 million lei.

Earlier this month, Sweden-based East Capital Asset Management increased its stake in Purcari Wineries to 5.68%. 

On October 3, Purcari Wineries' second largest shareholder at the time - Lorimer Ventures Limited, sold a 22.6962% stake in the company. 

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=4.7579 lei)