In France the winery group VAL D'ORBIEU LISTEL (turnover of FF 2.5 billion with 2.100 hectares of vines) acquired through its subsidiary CORDIER, the trading house MESTREZAT (turnover of FF 274.5 million in 1998) from BNP PARIBAS. This operation allows VAL D'ORBIEU LISTEL to acquire a significant wine heritage in certain of Bordeaux's most prestigious appellations.