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Your email address will not be published.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 *

Subscribe to our newsletters

Job vacancies

Administrative Assistant

Swig Wines Ltd
Chiswick, London, UK

HR Manager

Amathus Drinks PLC
London, UK

Beer Development Specialist

Matthew Clark
London, UK

Senior Sales Manager

Haynes Hanson & Clark
Gloucestershire, GB

Customer Services Administrator

Speciality Drinks Ltd
London, UK

National Business Development Manager

Speciality Drinks Group
London, UK

Inventory Analyst

Bibendum PLB
London, UK

Events Executive - Atom Supplies

ATOM Supplies Limited
London, UK

Off-Trade Sales Account Executive

Domaine Direct
Nationwide, working from a combination of home & London office.

Sales Executive/Brand Ambassador

Glenfarclas
Ballindalloch, Speyside, UK

Client Manager

Noble Rot
Wandsworth, London, GB

Spirits Investment Director

Stilnovisti
London, UK

Junior Brand Manager

Enotria Winecellars
Park Royal, London, UK

Content & Digital Assistant

ABVGlobal
London, UK

Sales Manager

Cellar Trends
London, UK

Champagne Masters 2017

Deadline : 7th July 2017

The Global Sparkling Masters 2017

Deadline : 10th July 2017

The Global Malbec Masters 2017

Deadline : 10th July 2017

The Global Syrah Masters 2017

Deadline : 18th July 2017

Click to view more

The Drinks Business Awards 2017

Now in its 15th year, the db awards have become the most authoritative, internationally respected badge of achievement in the alcoholic drinks industry.

The Asian Cabernet Sauvignon Masters 2017

the drinks business Hong Kong announces its first year of The Asian Cabernet Sauvignon Masters.

Rioja Masters 2016

Now in its fifth year, the competition will recognise and reward the finest Riojas on the world stage.

Fortified Masters 2016

Now in its third year, The Fortified Masters will reward the best fortified wines on offer.

Click to view more