February 11 (SeeNews) - Bucharest Stock Exchange-listed Purcari Wineries [BSE:WINE] said that UAE-based Franklin Templeton Investments has lowered its interest in the company to 4.92% from 8.50% on February 5.
Following the transaction, Franklin Templeton Investments owns 984,177 shares in the company, Purcari Wineries said in a bourse filing.
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As at 13:45 CET on Tuesday, Purcari Wineries shares traded 0.42% lower at 23.9 lei ($5.46/5.01 euro).
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=4.77 lei)