Reports suggest that the cash-strapped Fiat family, Agnelli, are looking to sell their 75% stake in the prestigious Bordeaux grand cru, Chateau Margaux. Investment bank, Lazard is said to have been commissioned to head the search for a buyer.
Chateau Margaux produces around 200,000 bottles annually.
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The remaining 25 % in the celebrated wine estate is held by Corinne Mentzelopoulos, the heir of the former owners of the French grocery distribution chain, Félix Potin.
Agnelli’s stake, which is held via portfolio company, EXOR, has an estimated value of between €300m and €400m.
