10.01.2019

Crédit Agricole reaffirms its ambition to support players in the wine-making industry by selling two châteaux in the Bordeaux region

The Crédit Agricole Group's strategy in the wine sector is atypical. It is the leading provider of finance for the industry in France, the owner-operator of several vineyards in Bordeaux and Burgundy and it is a minority shareholder of companies in the sector. “Crédit Agricole is at the centre of issues related to the production, management and marketing of wines, in the same way as the clients that it supports” explains Jack Bouin, CEO of Crédit Agricole Aquitaine.

Crédit Agricole is concerned to maintain a balance between supporting its clients and directly operating its estates. It has therefore decided to sell two châteaux in the Bordeaux region, Château Blaignan (Médoc) and Château La Tour de Mons (Margaux), thereby focusing on three wine-producing estates:

  • Château Grand Puy Ducasse (5th Grand cru classification, Pauillac)
  • Château Meyney (Saint-Estèphe)
  • Château de Santenay (Burgundy)

The disposals will enable it to strengthen its leadership position in the industry and its commitment to industry players. “The proceeds of the sale of these two wine-producing estates will be directly reinvested in the acquisition of minority stakes (capital transmission or development capital) in Crédit Agricole Group clients” points out Christophe Blanchy, in charge of private equity activities for Crédit Agricole S.A.

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Moreover, in order to continue to improve the quality of wines, enhance the estates’ environmental approach and develop wine tourism in Pauillac, a major investment programme has been implemented at Grand Puy Ducasse, resulting in the introduction of a new fermentation room and a new barrel cellar in 2021.

Located in Soussans, in the heart of the Margaux “appellation”, Château La Tour de Mons covers an area of 58 hectares. It was enlarged following the purchase of Château Marsac-Seguineau in 2001. The investments made, after its acquisition in 1995, in the vineyard, cellars and communications, have significantly increased the Château’s reputation.

Château Blaignan, located in the Médoc “appellation”, was acquired in 2004 and covers 97 hectares. Successive investments have made it possible to implement a strategy to improve the quality of the estate’s wines, especially with the construction of a new fermentation room in 2010. Château Blaignan has won numerous awards for recent vintages as a result of this improvement in quality.

The consultant chosen for the sale of these two estates is Sodica Millésime.