Ownership change at Domaines Listel

The Crédit Agricole S.A. group, majority shareholder in Dune, the Domaines Listel holding company, has signed an agreement with La Camarguaise de Participations, an investment vehicle controlled by the private holding company of Paul François Vranken. The agreement entitles Crédit Agricole S.A. to transfer its entire stake in Dune. La Camarguaise de Participations has meanwhile acquired a 39% interest in Dune from the Val d'Orbieu group (Trilles and La Languedocienne) and Crédit Agricole S.A. Domaines Listel has around 2,000 hectares (5,000 acres) planted to vine in the Hérault, Gard, Vaucluse and Var regions. The company is Europe's leading winegrower, with sales of 50 million bottles in 2004 under flagship brands like Listel (Des Sables rosés) and Château La Gordonne (Côtes de Provence rosés).