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France: Andre Lurton sells stake to Credit Agricole
Mar 26, 2012
(Decanter) - Credit Agricole Grands Crus is to take an 18% stake in one of Bordeaux's largest wine companies, Vignobles Andre Lurton, which will pass out of 100% private ownership for the first time. André Lurton (pictured) is owner of 264 hectares of vines in Pessac Léognan, and over 300ha in Entre deux Mers and AOC Bordeaux. He was born in 1924, and will turn 88 this year.
His succession has long been a subject of discussion in the region, and the announcement last week that CA Grands Crus is to take a stake in the company will reassure observers that the company is not to be broken up.
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