Lalande-de-Pomerol estate bought by state-owned Chinese company
Lalande-de-Pomerol estate bought by state-owned Chinese company
Feb 1, 2011 6
Philippe Raoux, owner of Chateau d'Arsac in Margaux and wine tourism complex La Winery, has become the latest Bordeaux winemaker to sell property to a Chinese buyer. He last week completed the sale of his 20-hectare Lalande-de-Pomerol estate, Chateau Viaud, to Cofco, a company 100% owned by the Chinese government, following almost three years of negotiations.
The sale price of Viaud was not revealed but one hectare of vines in AOC Lalande-de-Pomerol is worth on average €150,000. However, the estate sale is one small part of a wider business deal.
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