(TDB) - Billionaire industrialists the Perrodo family, have paid an estimated €60 million (US$67 million) for Château La Tour de Mons.

The ancient property in Margaux dates back to the 13th century, but was not classified in the 1855 Bordeaux ranking. It was sold in 1995 to French agricultural bank, Crédit Agricole, becoming part of its CA Grands Crus portfolio of estates.

The family office, which owns London-based oil and gas company Perenco, bought the 58-hectare château, which consists of two parts: the main estate of 48 hectares, and a smaller 10 hectare area called Marsac Séguineau, on 31 October.

French bank Crédit Agricole has owned La Tour de Mons since 1995.

The sale marks the family’s fifth Bordeaux vineyard acquisition in 30 years.