ITALY: Italian bank acquires $3m Chianti estate
Michele Shah Italy's oldest bank, Monte dei Paschi di Siena, has acquired the Poggio Bonelli winery in the Chianti Classico region for a sum of $3m. The winery, which is in Castelnuovo Berardenga, is a 136-acre property with 36 acres of vine. It produces Chianti Classico, Chianti Classico Reserva and a red IGT called Tramonto d'Oca. Its total annual production is about 7,500 cases.
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