The mentioned sale occurred at RON 20 per share, which represents a discount of 4.8% compared to the yesterday’s closing price  

Purcari Wineries published a document on the Bucharest Stock Exchange announcing that Lormier Ventures Limited, a wholly owned subsidiary of Emerging Europe Growth Fund II (managed by Horizon Capital) disposed of all or part of the shares through an accelerated book-building process.

Horizon Capital is a private equity firm with over USD 850m under management and has been a shareholder in Purcari since 2010.

In the ABB, Lormier Ventures Limited sold 4.539.223 shares, representing 22.7% of Purcari’s share capital, which made them (as of 31 December 2018) the second largest shareholder, behind Amboselt Universal which owns 25.03%.

The mentioned sale occurred at RON 20 per share, which represents a discount of 4.8% compared to the yesterday’s closing price.