Laurent-Perrier to Go Public on Paris Stock Exchange

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Ryan Isaac
Posted: May 31, 1999

Champagne house Laurent-Perrier is arranging to sell shares on the Paris stock exchange, according to Bertrand de Fleurian, general director of the firm. The company has not yet received the green light from stock officials but anticipates that the offering will take place before the end of the year.

Laurent-Perrier joins the growing number of French wine companies holding public stock offerings, though de Fleurian said that the de Nonancourt family will retain majority ownership of the Champagne house. The offering will be made to aid in the "development of the company and the brand." Citing securities regulations, he gave no other details. Reuters reported that the company hopes to raise about $32.5 million from the sale.

For more on Laurent-Perrier:

May 31, 1998
Champagne Uncorked

To learn about other recent French winery stock offerings:

February 19, 1999
Family-Owned Burgundy Producer Offers Public Stock

February 26, 1999
Big Bordeaux Merchant to Go Public

To learn about recent U.S. winery stock offerings:

April 10, 1999
Ravenswood Raises $11 Million Through Public Offering

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