Last summer the Taittinger-family sold its family-owned empire, that apart from the famous champagne also covered several hotelchains. This was necessary because the same Albert Frère wanted to withdraw his part of the capital of the group. Since he was said to be interested to buy Taittinger back from Starwood, but now he has drawn in his horns once again with a press release with no further comments.
The price of the house of Taittinger is estimated to between 400 and 500 million euro. Amongst the interested buyers are the American investment fund Butler Capital Partners according to the French news agency AFP. Butler Capital Partners was also part of the run-up for Lanson, but choose to withdraw in the last minute. Also the bank Crédit Agricole du Nord-Est in cooperation with the family Taittinger are said to be interested.
Taittinger boasts 288 valuable hectares of vineyards in the best areas of Champagne and 20 million bottles of champagne in its caves. On top of this they are involved in other vineareas such as Bordeaux, Loire and California.
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