French banks buy up more of Bordeaux - decanter.com | Wine in the World | Scoop.it

André Lurton is selling an 18% stake in his Bordeaux wine company to Credit Agricole Grands Crus.

 

In a time when banking seems to be on the ropes in Europe, the CA seems to be digging deep to take a big stake in yet another Bordeaux venture.

 

Personally, I find the ownership of much of Bordeaux's vineyards by banks and insurance companies a little bit odd, especially seeeing how many of these companies have had to receive state bailouts over the years. How about you?