You are currently viewing the International Edition. You can also switch to the Hong Kong Edition.
Wednesday 1 July 2015

Calon-Ségur sold to Suravenir Assurances

3rd July, 2012 by db_staff

Château Calon-Ségur has been sold to Suravenir Assurances for €170 million, according to reports.

Reports from France say the sale was signed last Friday, just before the deadline agreed by both parties previously and the acquisition should take place before winter.

This is the largest transaction in the Bordeaux wine world this year.

Suravenir Insurance is the buyer according to the SudOuest newspaper

It is a subsidiary of banking group Arkéa, which works with three federations Mutual Credit: Brittany, Massif Central and Southwest. Suravenir, a specialist in life insurance, manages €25 billion in assets for €1.8 million customers.

Jean-Pierre Denis, president of Arkéa and of Crédit mutuel de Bretagne, commented on the acquisition, which is a first in terms of viticultural purchases for the financial group.

“We were looking for a well known estate – we didn’t want to rush into anything. Calon-Ségur has enormous potential,” he said.

“As with all insurance companies, we are looking to diversify our portfolio. This is a long term investment which makes a lot of economic sense, but it’ s also territorial ; the South West is one of our principal areas of activity, and through the purchase we are reinforcing our presence there through a really high quality estate.”

Yesterday a number of rumours surfaced that Saint-Estèphe third-growth Château Calon-Ségur was sold, but Calon-Ségur’s current owners were also unable to verify that an acquisition had taken place.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

If that's interesting, how about these?

Wimbledon serves up English wine

Organisers of this year’s Wimbledon have decided to offer tennis fans English more...

Bordeaux 2005: 12 ‘perfect’ wines

Twelve wines have been given “perfect” 100-point ratings in Robert more...

Fire devastates New Zealand winery

A fire has ripped through a New Zealand winery destroying its offices, kitchen more...

Digital and Communications Executive

£22,000-£26,000 dependent on experience

Hardys invests £4m in summer of cricket

Hardys has unveiled a new £4 million consumer marketing campaign to tie in more...

BI offers 2014 imperial collection en primeur

Fine wine merchant Bordeaux Index is offering its clients a 10 imperial more...

Depp puts French estate on sale for £16.5m

Hollywood actor Johnny Depp has put his estate in the south of France, which more...

PR Senior Account Manager/Director

London, United Kingdom

Depending on experience

Pontifex Scholarship 2015 open for entries

Wine Australia and The Daniel Pontifex Memorial Trust have opened the 2015 more...

Vinadeis unveils Languedoc 'black diamonds'

One of France’s largest wine producers has launched a high-end Languedoc more...

Castel feeds aperitif thirst

Europe’s largest wine producer, Castel, has unveiled a raft of new products more...

Warehouse Supervisor

London, United Kingdom

£27,000-£30,000 depending on experience

Delegat aims high with new Barossa brand

Oyster Bay owner Delegat has launched “a new global brand” from more...

Bordeaux 2005: Biggest movers

Expectation surrounding the 2005s is building and pushing up prices for top more...

Wine from Napoleon’s carriage to be sold

A bottle of wine apparently found in Napoleon’s carriage after Waterloo – more...

Bordeaux wine thieves found guilty

A French court has sentenced 15 men over the audacious theft of $1.1 million of more...

Symington Estates to uncover Douro's best grapes

Symington Family Estates has planted an experimental vineyard in the hottest more...

Rise for Haut Bailly in Liv-ex 2015 classification

Liv-ex’s bi-annual “re-classification” of Bordeaux saw Haut Bailly leap more...

Supplier Relationship Manager

London, United Kingdom

World's best beer and wine festivals

Forget Glastonbury, these are the festivals you should be making a beeline for more...

En primeur: beware the heralded vintage?

From an investment point of view it is best to buy the “vintages of the more...

Wine thieves go on trial

A gang of wine thieves accused of stealing a million euros worth of wine from more...

Hatch Mansfield – Brand Manager

London, United Kingdom

Competitive salary

Plumpton College principal awarded OBE

Mr Des Lambert, Principal of Plumpton College since 2003, has been awarded an more...

Vinexpo: five days 'too much' says organiser

Vinexpo doesn’t need to run for the full five days because no visitor stays more...