Actress Angelina Jolie has sold her stake in a French chateau and winery to a third party, the latest twist in a multi-year battle with ex-husband Brad Pitt over the future of assets.
The couple bought the Chateau Miraval estate in the south of France in 2008, and they married there in 2014. While the two have since divorced, they both have retained stakes in the estate and the wine brand. Miraval, known for its rosé.
Ms Jolie sought in July to lift temporary restraining orders put in place during the couple’s divorce proceedings, which would allow her to sell her stake in the estate. A statement filed by one of her attorneys in Los Angeles County Superior Court said she wanted to step down from the status of “ignored business partner with her ex-husband,” according to court documents.
Tenute del Mondo, the third party that acquired Ms. Jolie’s stake, is a wine division and a subsidiary of the Luxembourg group Stoli. She is co-owner of wines like Luce and Masseto with the Frescobaldi family.
Terms of the deal, announced on Tuesday, were not disclosed.
Mr Pitt will retain his stake in the field, according to a spokesperson for the Stoli Group.
Lawyers representing Mr Pitt disputed the couple’s 50-50 shares in a recent court case in Luxembourg.
In the filing, they note that the Trade and Companies Register indicates that the participations are shared 50-50. But, lawyers argue, Mr Pitt originally held a 60% stake, before selling 10% to Ms Jolie in 2013 for token € 1, the current equivalent of around $ 1.16. They asked the court to overturn the transfer of Mr Pitt’s additional shares, saying the price of one euro was not a serious price. They also say that the euro has never been paid.
Lawyers also argue in the record that for the past four years, Ms. Jolie has delayed approving the annual accounts and the director’s renewal.
One of Ms Jolie’s attorneys said he was not making any comment to the press.
“We are not aware of any issues with our purchase of 50% of Miraval and have no concerns,” Damian McKinney, global managing director of Stoli Group, said in a statement via a spokesperson.
Tuesday’s sale announcement comes after representatives for Ms. Jolie and Mr. Pitt both considered options to buy Ms. Jolie’s stake, according to U.S. court documents filed on Ms. Jolie’s behalf. A buyout deal was not reached due to hurdles related to payment terms and non-compete and non-denigration agreements, according to a statement by one of Ms. Jolie’s attorneys.
After about two years without a deal, Ms. Jolie’s attorney began to consider selling the actress’ stake to a third party, the statement said.
The Chateau Miraval estate is home to three different rosés and a sparkling wine, according to Mr. McKinney of Stoli Group. He said the company plans to make additional deals.
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Corrections and amplifications
Angelina Jolie and Brad Pitt bought the Chateau Miraval estate in the south of France in 2008. An earlier version of this article incorrectly said 2011. (Corrected October 5)
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