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You are here: Home News French News Chinese buyer of Burgundy wine chateau identified
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24/08/2012Chinese buyer of Burgundy wine chateau identified

The Chinese businessman whose purchase of a top French wine estate has triggered an angry backlash is Louis Ng, a top executive for Macau gambling tycoon Stanley Ho, the Wine Spectator reported.

Ng, 60, is the chief operating officer for Ho's gambling-based empire. He was born in Hong Kong but also holds Portuguese citizenship, according to a report in the magazine's online edition.

Ng acquired the Chateau de Gevrey-Chambertin, a listed 12th-century manor house and two hectares (five acres) of vineyards in one of Burgundy's top appellations, for 8.0 million euros ($10 million) earlier this year.

The sale has been attacked by a group of local winemakers who had failed in their own bid to buy the estate as well as by France's far-right Front National, who believe the state should have intervened to keep the historic building and its vineyards in French hands.



© 2012 AFP


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