Purcari Wineries Public Company Limited (BVB:WINE) acquired a 10% stake in 8Wines Holdings Ltd on May 14, 2021. Purcari will be the first external investor in the company's capital and will be granted the option to further increase its participation at a pre-defined valuation during a set period of time. 8Wines booked revenues of €1.5 million in 2020. Baltic Partners acted as financial advisor to 8Wines Holdings Ltd. BPV Braun Partners acted as legal advisor to 8Wines Holdings Ltd. Peterka & Partners acted as legal advisor to Purcari Wineries Public Company Limited. Purcari Wineries Public Company Limited (BVB:WINE) completed the acquisition of a 10% stake in 8Wines Holdings Ltd on May 14, 2021.