PKO Bank Polski Finances International Acquisition

31.07.2025

PKO Bank Polski’s branch in Romania has granted a loan to Maspex Romania to finance the acquisition of Purcari Wineries’ shares.

PKO Bank Polski’s branch in Romania has granted a loan to Maspex Romania to finance the acquisition of Purcari Wineries’ shares.
Purcari Wineries is one of the largest producers of premium wines and brandy in Central and Eastern Europe.
The transaction was executed through a voluntary public takeover bid on the Bucharest Stock Exchange. Following subscriptions of more than 71% shares, as informed by the intermediary of the offer, Maspex will take control of Purcari Wineries.
In 2023, Polish companies invested PLN 3.8 billion in Romania.

Maspex Expands into Premium Wine Segment

Purcari Wineries manages over 2,000 hectares of vineyards and operates six wineries across Moldova, Romania and Bulgaria. With roots dating back to 1827, the company owns the renowned Château Purcari, the most awarded winery in Central and Eastern Europe. Through this acquisition, the Maspex Group is expanding its business activities and strengthening its international presence.

The transaction was financed by PKO Bank Polski’s Romanian branch, which has been operational since 1 January, 2025.

We are grateful to the Maspex Group for their trust and for inviting us to participate in a transaction that marks a significant step in the Group’s further growth, regional expansion, and strengthened position in the alcoholic beverages market. Supporting the Maspex Group’s development aligns perfectly with PKO Bank Polski’s strategy. We aim to be the bank of first choice for companies, both on the Polish market and in their international ventures,”

said Jan Majewski, Director of PKO Bank Polski’s branch in Romania.

Since 2015, PKO Bank Polski has participated in financing all of Maspex Group’s key development initiatives, including the acquisition of CEDC International in 2022 – one of the largest M&A transactions at that time.

Helping Businesses Spread Their Wings

The Bucharest branch is PKO Bank Polski’s fourth foreign corporate branch, following Frankfurt, Prague and Bratislava.

explained Ilona Wołyniec, Director of the Strategic Client Relations and Project Finance Division at PKO Bank Polski.

A Market with Strong Potential

Romania is characterised by stable economic growth (averaging 5-6% annually), a favourable tax environment, openness to foreign investments, low unemployment and steadily increasing consumer purchasing power. According to data from the National Bank of Poland (NBP), as of the end of 2023, Romania was the third-largest market (PLN 9.8 billion) in terms of net assets held by Polish foreign investors (equity, shares, debt instruments).

In the long term, Romania could become one of the key markets in Europe. The latest NBP report places it among the top destinations for Polish businesses. In 2023 alone, Polish companies invested nearly PLN 3.8 billion here, making Romania the third-largest market. At PKO Bank Polski, we support investments in this region by offering settlement accounts, cashless payment services, surplus cash deposits, short-, medium- and long-term financing, as well as liquidity management and trade finance services. In cooperation with our headquarters in Poland, we also provide treasury products,”

added Jan Majewski from PKO Bank Polski.

Supporting Maspex marks the second major transaction in the Romanian market involving a Polish bank. In March, the local branch signed a consortium financing agreement (approximately EUR 350 million for new investment projects) with Distributie Energie Oltenia, one of Romania’s four largest electricity distribution system operators. The results achieved so far, along with a strong pipeline of transactions in preparation, represent a solid start for PKO Bank Polski in Romania and lay a firm foundation for further growth in this market.

A Polish International Bank

PKO Bank Polski’s strategy for 2025-2027 envisions opening new foreign branches for corporate clients and establishing representative offices in the most attractive EU markets. The primary client base consists of Polish companies operating in markets where the bank has a presence, although local businesses are also served.

Additionally, the bank is authorised to conduct cross-border operations in Austria, Belgium, Denmark, France, Spain, the Netherlands, Norway, Portugal, Sweden, Hungary, Italy, Lithuania, Ireland, Latvia and Croatia.

PKO Bank Polski also focuses on developing correspondent banking and international settlement services. Currently, it processes transactions with over 1,300 institutions in 23 currencies and maintains 240 accounts for banks across Europe, the Americas, Asia, Australia and Africa, representing 50% of the interbank market in Poland.

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PKO Bank Polski is the largest bank in Poland, and institution with over 100 years of tradition. We provide financial services to more than 12 million individual, business, corporate and local government customers. Thanks to the IKO application, we are the most mobile bank in Poland. Every second we settle in over 30 transactions by IKO. We process around one million inbound and outbound transfers every day. We are in 314 counties, and 75% of Poles have less than 5 km from home to us. The expansion of our clients is supported by the bank's corporate branches in Germany, Czech Republic, Slovakia and Romania. Through the PKO Foundation, we initiate and implement social projects. We are also involved in supporting culture and sports. PKO Bank Polski Capital Group provides the most comprehensive offer of financial services in Poland. It includes, among others, a company operating in the leasing, pension insurance, investment funds and factoring. The stock market capitalization of PKO Bank Polski at the end of 2024 amounted to PLN 74.7 billion.
#no. 1 and Full Stop

Kamil Piechowski

Press Center

prasa@pkobp.pl

PKO Bank Polski Press Office : prasa@pkobp.pl