Purcari Wineries bids for rival Romanian group Serve Ceptura

Purcari Wineries has lodged a binding offer to acquire Romanian competitor Serve Ceptura in full for an undisclosed sum. In a statement, Victor Bostan, founder and CEO of Bucharest-listed Purcari, said if completed, the transaction would expand the group’s vineyard footprint by around 60ha in Romania’s Dealu Mare wine region and add “complementary production capacity”. He described the deal as a “a natural step in strengthening Purcari's presence in the prestigious Dealu Mare wine region". Serve's wine ...