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Index > Wine - France > French champagne group eyes potential suitors

French champagne group eyes potential suitors

By Wine Atlas, Tuesday 28 June 2005 :: Wine - France :: #16 :: rss

Paris - Groupe Taittinger, best known for its Champagne but also a force in the luxury products and hotel sectors, said on Monday that it had instructed French banks BNP Paribas and Rothschild to study approaches made by potential buyers.

The price of shares in the group was showing a rise of 6.45 percent in initial trading. Dealers said that this was in response to newspaper reports of possible asset sales by the group.

The family, one of the last old-established families to lead a business empire, owns 37.8 percent of the group...

Source : busrep.co.za

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