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Vinăria Purcari completed the deal in which it sold its 31.4% minority stake in the Glass Container Company to the Swiss company Vetropack. The deal was valued at EUR 7.2 million.

Vinăria Purcari completed the deal in which it sold its 31.4% minority stake in the Glass Container Company to the Swiss company Vetropack. The deal was valued at EUR 7.2 million.

profit.ro reported this, noting that, in general, the Swiss group Vetropack Holding has acquired the entire Moldovan glass production platform Glass Container Group, consisting of the leading Moldovan glass companies Glass Container Company and Glass Container Prim through Vetropack Austria Holding AG. As InfoMarket agency previously reported, Vetropack is a leading Swiss player in the European glass container market with production facilities in Switzerland, Austria, Czech Republic, Slovakia, Croatia, Ukraine and Italy, with revenues of 714.9 million Swiss francs in 2019. Purcari Group - Purcari Wineries Plc is one of the main producers of wines and brandies (cognacs) in Central and Eastern Europe. The group manages about 1400 hectares of vineyards and 4 production sites in Romania and Moldova: Purcari, Crama Ceptura, Bostavan and Bardar. The group is the leader in the premium wines segment in Romania and the largest exporter of wine in Moldova, supplying products to more than 30 countries in Europe, Asia and America. Since February 2018, the group has been listed on the Bucharest Stock Exchange and was the first among Moldovan companies to conduct an initial public offering there. Net profit of Purcari Wineries for 9 months in 2020 amounted to RON 25.59 million (EUR 5.3 million), having decreased by 13%, compared to the same period in 2019. The company's sales for the same period decreased by 0.2% to RON 138.32 million (EUR 28.4 million). EBITDA (profit before deduction of expenses on interest payments, taxes and accrued depreciation) for 9 months in 2020 amounted to RON 44.19 million (EUR 9.1 million), down 4.4% compared to the same period of the previous year (RON 46.23 million). // 14.12.2020 - InfoMarket.