(Decanter) - French entrepreneur Christian Roulleau was expected to be confirmed as the new owner of Château Dauzac, following talks with insurance group MAIF, which has owned the Bordeaux fifth growth estate since 1988. 

It emerged in December 2018 that Christian Roulleau was in negotiations to buy Château Dauzac, based in the Margaux appellation and a fifth growth in the 1855 Classification.

A source familiar with the situation said that a deal has subsequently been agreed, although there has not been official confirmation. It is thought the deal could be worth around €120 million.

Roulleau is co-founder of SAMSIC, one of Europe’s leading business services firms, based in Rennes. He and his family had a fortune of €700 million in 2018, according to French business publication Challenges.