Boizel Chanoine Champagne has entered into exclusive talks to buy rival Champagne producer Lanson International after private equity group Butler Capital pulled out of the running, according to local press reports.

French daily La Tribune reported today (13 December) that Boizel Chanoine had confirmed it was in negotiations to buy Lanson, the world's second-largest Champagne producer.

Officials at Boizel Chanoine and Lanson were unavailable for comment as just-drinks went to press.

Trading in Boizel Chanoine was suspended yesterday (12 December) at the request of the company and pending a statement, Euronext Paris said.

Only last week, Lanson shareholders, the Mora family and French bank Caisse d'Epargne, were understood to have rejected an offer from Boizel Chanoine, leaving Butler Capital the favourite to buy Lanson.

Officials at Butler Capital were also unavailable for comment.