Moueix fam­ily di­vests 20% Petrus share

Decanter - - A MONTH IN WINE -

The Bordeaux Ru­mour mill went into over­drive in Septem­ber af­ter French mag­a­zine La Re­vue du Vin de France re­ported that the moueix fam­ily, own­ers of Château Petrus, had sold a 20% stake in the Pomerol pow­er­house.

Fi­nan­cial news­pa­per Les Echos named the buyer as Ale­jan­dro Santo Domingo, a Colom­bian-Amer­i­can fi­nancier and phi­lan­thropist ranked at 499 on Forbes’ The World’s Bil­lion­aires list in 2018 and car­ry­ing a per­sonal for­tune of US$4.3 bil­lion (at time of go­ing to press).

Santo Domingo is on the board of New York’s metropoli­tan mu­seum of Art and is mar­ried to Lady Char­lotte Welles­ley, daugh­ter of the 9th Duke of Welling­ton. his fam­ily are also share­hold­ers at Bud­weiser brew­ing gi­ant An­heuser-Busch In Bev.

The pa­per quoted Jean moueix as say­ing that the deal had been done to help se­cure the long-term fu­ture of the fa­bled Bordeaux es­tate.

Nei­ther the es­tate nor moueix was avail­able for fur­ther com­ment di­rectly af­ter the news broke, yet sev­eral courtiers and well-placed in­di­vid­u­als in Bordeaux told De­can­ter that they be­lieved the sale had taken place up to 12 months ago.

The deal val­ued Petrus, along with its 11.7ha of prized vine­yards, at €1 bil­lion, ac­cord­ing to Les Echos. If true, that would eas­ily make it the most ex­pen­sive vine­yard trans­ac­tion on record.

Alexan­der hall, a win­ery real es­tate spe­cial­ist with Vine­yard In­tel­li­gence in Bordeaux, told De­can­ter that a deal like this could not be viewed in the con­text of nor­mal guide­lines for vine­yard land prices.

‘This is not a per-hectare price, it’s a Petrus price,’ he said. ‘There are two es­tates in France that could be val­ued like this – Do­maine de la Ro­manée Conti and Château Petrus.’

Above: Mer­lot vines in front of the win­ery build­ing at Château Petrus in Pomerol

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