(Decanter) - Château Latour owner Francois Pinault has acquired renowned Burgundy winery Clos de Tart via his family-held investment company for an undisclosed fee.

François Pinault and his family announced on Friday (27 October) that they have bought Clos de Tart, the renowned domaine of Morey St-Denis in Burgundy’s Côtes de Nuits, via their holding company Artémis.

No fee was disclosed, although Burgundy grand cru vineyards are the most expensive in the world, costing several million euros per hectare. Clos de Tart has 7.53 hectares. 

Some reports in France suggested that the purchased price was possibly as high as 250 million euros, but this could not be verified.

It marks the latest in a string of high profile winery sales this year.