French wine group AdVini is in exclusive negotiations to acquire Burgundy-based Béjot Vins et Terroirs (BVT).

In a statement this week, AdVini said that, should the purchase proceed, it expects the integration of Bejot to begin next month. The value of the transaction has not been disclosed.

The statement said the transaction would "accelerate the development of BVT's brands and, as well as the numerous commercial and operational synergies, will mark the arrival of AdVini in a new French region – Burgundy".

Founded in 1891 and based in Meursault, Bejot has an annual turnover of around EUR50m and employs 200 staff. The company has a stock of more than 500 hectares of vineyards, half of which are in the Burgundy region.

AdVini, which was formed in early 2010 through the merger of Jeanjean with Laroche, has in the region of 2,000 hectares of vineyards spread over several French wine houses, including Jeanjean (Languedoc), Laroche (Chablis) and Antoine Moueix (Saint- Emilion), as well as in Chile and South Africa.

It exports to more than 100 countries and posted sales of EUR240m for 2015, up 5.7% on the previous year.