FRANCE: Lanson stake may go up for sale
The prospect of another Champagne brand entering the takeover market looked possible today after a part-owner of Lanson International said it was willing to entertain offers for its stake.
The Financial Times today reported that Caisse d'Epargne, the French bank, which holds 44% of Lanson would engage in talks to sell the stake.
In a statement Caisse d'Epargne said: "If opportunities to transfer this investment arose, and provided they corresponded to a long-term development plan for the company, Group Caisse d'Epargne, in agreement with the majority shareholders, would be prepared to examine the feasibility of transferring this interest."
The news is the second announcement within a few weeks of potential changes in ownership of a major Champagne house. Late last month, the family that owns Taittinger said it was seeking possible buyers for its Champagne business.
Caisse d'Epargne acquired its stake in Lanson for €38m (US$45m) last July.
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