Angelina Jolie Markets 50% share got from $164M Château Miraval winery
Angelina Jolie, Hollywood Actress sells the 50% shares to wine group Tenute del Mondo.
Caused by Brad, the Shares were branded vindictive’ and guilty of ‘systematic obstruction’, this was the reason she planned to sell it off.
Jolie had plans to sell the share without his ex’s consent. Through Nouvel, She owns 40% share while Pitt owns 60%, the lawsuit this and Miraval is owned by Quimicum.
Pitt transferred 10% of Mondo Bongo’s shares t0 Nouvel before they broke up. That made both to hold 50/50 shares in Quimicum.
The 10% transfer is not legally approved as stated by the lawsuit because shares sells for only 1 Euro, by Luxembourg law it requires no huge amount.
On Tuesday, it was disclosed that Jolie sold her 50% share of Château Miraval winery owning to the several court sessions with her ex-husband.
The shares was sold to wine group Tenute del Mondo which has Masseto and Ornellaia in its portfolio. It was already foreseen last month that she will sell off the shares.
In 2008, Angelina Jolie and her husband got married in that particular Estate – currently valued at $164 million.
It was revealed that in a lawsuit, in September, her plans to sell the shares in the alcohol and property giant were tagged ‘vindictive’ and guilty of ‘systematic obstruction’. She was perceived as wanting to outsmart her Ex-husband by selling of her 50% stake in the vineyard.
The group who bought the share, also own Masseto, Ornellaia, Luce, CastelGiocondo, Achaval Ferrer and Arínzano brands. The group bought the share through its premium wine division, Tenute del Mondo.
‘With the addition of a Rose of this calibre we are well positioned to meet the exquisite demands of both customers and partners alike’. Jon Pepper MW said. He is the managing director of Tenute del Mondo.
Stoli admires Miraval’s exceptional wines and brand Global CEO of Stoli Group Damian McKinney revealed. Stoli will be honoured to have a position alongside Brad Pitt as curators of its extraordinary vintages, he added.
‘We are honoured to do our part to uphold the integrity and commitment, as well as invest the time and passion, evidenced in both the Chateau and the Miraval brand’. McKinney said.
‘With the addition of a Rose of this calibre we are well positioned to meet the exquisite demands of both customers and partners alike’ Jon Pepper MW, managing director of Tenute del Mondo happily said.
Miraval is revealed to be owner of Quimicum through Jolie’s moves after the lawsuit.
Pitt originally holds 60 per cent share through his company Mondo Bongo while Jolie held 40 per cent through Nouvel.
Pitt before the divorce gave Jolie 10% of the company’s share making them equal stakeholders in Quimicum.
She was trying to sell her 50 per cent, circumvent Pitt’s right of first refusal and profit from the ‘incredible amount of work, time and money,’ invested by Pitt and his business partners in growing the brand, this was alleged by the lawsuit.
As was announced, the group who bought the share, also own Masseto, Ornellaia, Luce, CastelGiocondo, Achaval Ferrer and Arínzano brands. The group bought the share through its premium wine division, Tenute del Mondo.
By Luxembourg law the 10% share requires no huge amount therefore, the 10% transfer is not legally approved as stated by the lawsuit because shares sells for only 1 Euro.
The couple got married in the estate in 2008. They met on the set of Mr. & Mrs. Smith in 2004, then, Pitt was still married to Jennifer Anniston.
The couple divorced in 2016 and Jolie wished to take along their 6 children; earlier this year, the actor was awarded joint custody.
They company they fight over is valued at 140million Euros, their lawsuit lingered for years.
The suit has it that Nouvel did not act in the best interest of Quimicum, they delayed the yearly accounts and renewal of its manager.
‘We understand that behind this systematic obstruction, the real purpose of Nouvel and its shareholder [Jolie] is to sell its stake in Chateau Miraval SA in a way that would circumvent Mondo Bongo’s right of first refusal (as provided in Quimicum’s articles of approval), taking, as a result, a capital gain raised thanks to Mondo Bongo’s investment and to which Nouvel did not contribute.’ The suit added.