Castel has been given European regulatory approval for a slew of purchases from French mutual insurance group Covéa.

Late last week, the European Commission cleared the French wine producer's joint takeover - with Japan’s Suntory - of France-based wine company Grands Millésimes de France. Approval has also been given to Castel's sole purchase of French wine and spirit firm Savour Club and wine company MAAF Subsidiaries.

All three target companies are subsidiaries of Covéa. Financial details behind all three purchases have not been made publicly available.

Under competition law in the European Union, the commission could have blocked the move if it thought consumers would have been made worse off and it was a “significant impediment to competition”. However, the EC ruled that “the transaction would not raise competition concerns”.