A state-owned energy firm has become the first Chinese company to acquire control of an estate in Bordeaux's Margaux appellation, after Luc Thienpont sold his majority stake in Clos des Quatre Vents.
Alongside Thienpont’s seven hectares of vines in Margaux, Chinese energy firm Liaoning Energy Investment has also gained control of the Belgian’s 21ha Chateau Bonneau in AOC Haut-Médoc.
The deal marks the first purchase by a Chinese firm in Bordeaux’s Margaux appellation, home to the eponymous first growth estate.
Thienpont will remain as co-director of Clos des Quatre Vents for at least two years, and is still a minority stakeholder in his former vineyards, as well as in the wine shop Cave des Quatre Vents in Margaux village.
The négociant company SARL Thienpont is not included in the sale.
‘I have six children,’ Thienpont told decanter.com. ‘Dividing up the estate between them all would have been too difficult with succession taxes.’
Thienpont said Liaoning Energy Investment plans to retain the current sales system of the estate, using Bordeaux négociants to distribute worldwide.
‘Maintaining the quality of the wine is the single most important thing to the new owner.’
A new Chinese director, Fan Lina, will run the Margaux property, initially working alongside Thienpont.
Fan has lived in France for 10 years, working in Champagne and the Loire before moving to the Chinese-owned Chateau de Pic in the Cotes de Bordeaux.
She is the wife of Peng Wang, who was killed in the helicopter crash at Chateau de la Riviere just before Christmas and who was to have run the Fronsac estate on behalf of China’s Brilliant Group.
All rights reserved by Future plc. No part of this publication may be reproduced, distributed or transmitted in any form or by any means without the prior written permission of Decanter.
Only Official Media Partners (see About us) of DecanterChina.com may republish part of the content from the site without prior permission under strict Terms & Conditions. Contact email@example.com to learn about how to become an Official Media Partner of DecanterChina.com.