Bodegas Luis Gurpegui Muga, the Spanish wine concern, is looking at buying a property in the Chilean region of Valle de Colchagua and will invest a maximum of €4.4m (US$4.0m) to do so, according to Spanish press reports today. Bodegas Luis Gurpegui Muga, which owns the Chilean winery Bodega Baron de Gurpegui, is looking to buy a 50ha property.