FRANCE: Languedoc's Jeanjean enters Bordeaux
Jeanjean, a leading Languedoc-Roussillon wine group, has bought its first Bordeaux business, the St Emilion-based négociant Antoine Moueix Lebègue (AML).
"The deal was signed last Friday (3 November)," said Brigitte Jeanjean, a group director. She said AML had been in liquidation since the end of October, and that the sale had been won against several prospective buyers, but said the price was confidential.
"We have been searching for something in Bordeaux for two years, and yes, we might buy something else if we find it," she added.
AML has an annual turnover of about EUR10m (US$12.7m), producing about 3m bottles of wine. Jeanjean, which also has properties in Provence, Cahors and the Rhône, posted turnover of EUR144.1m and produced 80m bottles of wine last year.
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