The Purcari winery is acquiring a stake in the Bulgarian winery Angel's Estate - Drinks International - A global selection of beverages for buyers.

Purcari Wineries PLC has announced the signing of an agreement to purchase 76% of the shares of the Bulgarian joint-stock company Angel's Estate Winery. Angel's Estate is a full-cycle winery located near Stara Zagora, in the renowned wine region of the Thracian Lowlands. The winery manages about 100 hectares of its own vineyards and has an annual production capacity of over one million bottles, producing wine brands such as Angel and Stallion.

Evgeny Komendat, the CEO of Purcari Wineries PLC, stated:

"The acquisition of Angel's Estate is a step forward in achieving our goal of becoming a leader in the wine industry in Central and Eastern Europe, acting as a consolidator of the fragmented market.

As part of the deal, the current shareholders of Angel's Estate will retain a 24% stake in the factory and will continue to act as investors supporting the business's development. The deal is expected to close within two weeks from the date of signing.