The main shareholders of Champagne Taittinger and Societe du Louvre have signed an agreement to simplify the structure of the two companies. The shareholders, the Taittinger family and Compagnie Nationale a Portefeuille/Nationale Portefeuille-Maatschappij, have agreed to merge the two holding companies, Compagnie Financiere Taittinger and Taittinger SA, to form a new holding company, Taittinger. The new holding company will own a 41.6% stake in luxury goods and hotel company, Societe du Louvre, and full control of Champagne Taittinger.