FRANCE: Jeanjean secures AML purchase clearance
The ongoing appeal against the purchase of Bordeaux negociant Antoine Moueix Lebègue (AML) by leading French wine group Jeanjean has been resolved in favour of Jeanjean.
The Bordeaux court of appeals ruled yesterday (5 March) that the attempt to block the sale to Jeanjean, launched last month by Grands Chais de France and former director of AML Alain Gracia, was inadmissible.
"We are extremely happy," said Marc Lecompte, Jeanjean director and general director of Antoine Moueix (as it will now be called) since the signing of the transfer last November. Now, Lecompte said, "we can continue with the project we started four months ago".
For Jeanjean, which has properties in Languedoc-Roussillon, Provence, Cahors and the Rhône, the purchase of Antoine Moueix is its first in Bordeaux.
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