FRANCE: Taittinger sale plans take shape

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A firm line up of potential suitors for the Taittinger Champagne business could be in place within four or five weeks. According to a report in French newspaper Les Echoes, family head Claude Tattinger is looking to move quickly on a sale.

The report went on to say that two banks, Rothschild and BNP Paribas, have been retained to entertain offers and to ensure that the rights of large and small shareholders are respected.

Meanwhile La Tribune today said that Private equity firms PAI, Eurazeo, Cinven Group and Wendel Investissement have all made contact over acquiring the Champagne business Taittinger SA and its Societe Du Louvre unit.

According to its report, Taittinger's bank's have set a deadline of 20 July for firm offers for a deal that could fetch around €2bn for the business.

Sectors: Wine

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