Lafragette chateaux sold

Lafragette chateaux sold News Wine News
  • Friday 1 August 2008

Sales of Jean-Paul Lafragette’s Bordeaux chateaux are now almost complete.

The former director of L&L is under investigation for misappropriation of company funds.

The sales of two of his three properties – Château de Rouillac in Pessac Leognan and Château de l'Hospital in Graves – are both due to be finalised in the next few days.

The family’s third château, the 42ha Loudenne in the Medoc, will not be sold.

Lafragette has also sold 49% of his shareholding in his company L&L. The civil case against Lafragette taken by the Kobrand company will now be dropped.

‘The sale, yesterday, July 31st, of his shares in L&L to Kobrand puts an amicable end to all litigation between L&L and Lafragette,’ said family lawyer Olivier Guidoux.

Lafragette could still be prosecuted independently by the French government.

Guidoux would not comment on the value of the sale of the L&L shares, nor on the value of the chateaux sales or who the new owners are.

Sources in Bordeaux estimate that the 17ha Chateau de Rouillac fetched around €7.5m. The buyers are said to be ‘two young cereal farmers’.

The sale value of Chateau l’Hospital, 12ha, was estimated at about €2.5m.

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