French pension firm buys stake in Chateau Monbousquet
An undisclosed French pension firm has purchased a minority stake in Chateau Monbousquet, a Bordeaux-based wine region in the commune of Saint-Sulpice-de-Faleyrens.
The sale, whose financial details have not been disclosed, is part of the winery's succession plan.
Chateau Monbousquet co-owner Chantal Perse told Decanter.com that the French company has decided to form an alliance with Vignobles Perse.
"This alliance is to pass on our heritage, the fruit of more than 40 years work, to our children," Perse added.
At the launch of L'Esprit de Pavie in Paris, Chateau Monbousquet co-owner Gerard Perse told that by selling a stake in the estate, he wanted to avoid paying French inheritance tax on transferring ownership of estate to his daughter Angelique and her husband Henrique da Costa.
The family also owns three properties - grand cru classé Pavie-Decesse, Clos Lunelles in Castillon, and Pavie, a Saint Emilion premier grand cru classé A.