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FRANCE: Agnelli family sells Margaux stake

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The Agnelli Group has divested its controlling stake in the famous Bordeaux wine estate, Chateau Margaux, following the unwinding of its shareholding pact with the chateau's minority shareholder, Corinne Mentzelopoulos.

Under a deal agreed between the two shareholders, the Agnelli family is to exchange its 75% stake in Margaux for Mentzelopoulos' 9.6% stake in the Exor Group, a French conglomerate which is also controlled by Agnelli. The deal will make Mentzelopoulous the sole owner of the Chateau Margaux.

It was reported in January that the Agnellis were considering selling their interest in Margaux. The family's 75% stake in the property is thought to be worth between €300m and €400m.


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