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Baron de Rothschild has acquired almost 27 hectares of vineyards in New Zealand |
Compagnie Vinicole Baron Edmond de Rothschild has acquired around 26 hectares of vineyards in the Marlborough region of New Zealand.
The firm, which owns Chateau Lafite, has paid in the region of NZD4m (US$3.3m) for the vineyards, located along the Rapaura Road in Marlborough. Sellers the Paul Family divested themselves of the vineyards, on New Zealand's South Island, last week, after Ursula Paul's husband passed away two years ago.
The site, planted mainly to Sauvignon Blanc, is home to some of the best-known and respected vineyards in Marlborough. Previously the grapes from this vineyard had been sold to local wineries.
The Rothschild company said it will focus on quality management.
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