Grands Vins Jean Claude Boisset signed a unilateral promise to acquire Moncigale SAS from Marie Brizard Wine & Spirits SA (ENXTPA:MBWS) on October 14, 2020. Moncigale SAS reported €72.2 million in sales for 2019. Marie Brizard Wine & Spirits SA announces the information consultation procedure with the employees of Moncigale and Marie Brizard Wine & Spirits France in connection with the proposed sale of Moncigale was finalized on November 30, 2020. However, the completion of the sale of Moncigale remains subject to the transaction approval by the French Competition Authority. On February 5, 2021, the French Anti-trust Authority approved the transaction. Subject to this authorization, the sale should be completed by the end of January or by early February 2021. As of February 5, 2021, the sale will be effective in the coming days. Cédric Chanas and Philippe Guibert of De Pardieu Brocas Maffei acted as legal advisors for Marie Brizard Wine & Spirits. Silvère Patriat of Patriat & Associés acted as legal advisor for Boisset La Famille des Grands Vins SAS.

Grands Vins Jean Claude Boisset completed the acquisition of Moncigale SAS from Marie Brizard Wine & Spirits SA (ENXTPA:MBWS) on February 16, 2021. Ernst & Young acted as financial advisor to MBWS.