(Decanter) - Chinese Baijiu group Moutai will purchase cru bourgeois property Chateau Loudenne, according to reports.

The previous owners of Loudenne – the site of one of the oldest cru bourgeois wines, which was originally built in the 17th century – reportedly entered into sales negotiations with Huaili Zhong, head of Moutai's wine business,in December last year.

‘The final sale is expected to occur ‘within the next few days,’ it is reported.

A chateau representative, who did not want to be named, told Decanter.com the current owners, the Lafragette family, will issue a statement ‘within the next few days’.

‘The statement is imminent,’ the chateau representative said, but would not comment further.