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The dispute over the Margaux Château Giscours, which was considered resolved two years ago, continues according to a report from the French industry magazine Vitisphere. Giscours is divided into two companies: The operating company SECG belongs to the Dutch family Albada-Jelgersma. The agricultural property remained with the former owner family Tari through the company GFA. Siblings Pierre Tari and Nicole Heeter-Tari each hold half of the shares in GFA, but are deeply divided and have conducted many legal proceedings over control of the company.
Pierre Tari already sold part of his shares to the Albada-Jelgersma family in December 2019, although the shareholders' meeting of GFA, led by his sons, had denied their consent. However, the Albada-Jelgersma family considered the purchase valid. In November 2020, Pierre Tari demanded that his sister transfer her shares held by her according to the GFA statutes, which she contested as unlawful. In January 2022, a shareholders' meeting decided to liquidate GFA. In December 2022, a court prohibited the liquidators from any disposition of shares or assets until the pending proceedings were resolved.
In December 2023, the sale of GFA assets by Pierre Tari to the SECG of the Albada-Jelgersma family was announced. Despite the announced agreement, Nicole Heeter-Tari contested it, citing the interim injunction from December 2022. The first chamber of the appellate court ruled in her favor: The liquidators were not allowed to sell shares as long as the ownership relations regarding the shares in GFA were not conclusively clarified. Nicole Heeter-Tari sees this as a general sales ban and has contested the sale of her brother's shares. However, the responsible judge declared this inadmissible. Therefore, Alexander van Beek, the director of Château Giscours, considers the purchase of the lands in December 2023 to be lawful and expects no impact on ongoing operations.
According to Vitisphere, the Tari and Albada-Jelgersma families recently offered Nicole Heeter-Tari around 140 million euros for her claims. However, she must recognize the transfer of shares from GFA to SECG. Nevertheless, an end to the proceedings is not in sight.
(al; Image: Facebook/ChâteauGiscours)
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