FRANCE: Bordeaux's Chateau Montrose sold
Chateau Montrose, a Bordeaux cru classé vineyard in Saint-Estèphe, has been bought in a deal reported to be worth around EUR140m (US$173.8m).
Martin and Olivier Bouygues, CEO and director of the communications group Bouygues, have snapped up the 70ha property, owned for over a century by the Charmolüe family. The estate has been on the market since January. The sale has been confirmed by the chateau, and signing is said to be "imminent".
The price per hectare of EUR2m, has been noted by local reports as being far from the current average Bordeaux price per hectare of EUR19,000 for a generic vineyard.
The brothers, estimated to be worth US$1.3bn by Forbes, could not be reached for comment as just-drinks went to press.
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