Romanian brewer Bere Azuga said it intends to acquire 38.84% of the shares of domestic mineral water producer Perla Covasnei, according to reports.

In a statement on the Bucharest Stock Exchange, Bere Azuga said it has "signed a mortgage-secured EUR3.45m ($5.3 million) loan with Banca Comerciala Romana.

The brewer has said it expects to double its net profit to EUR239,800 this year.