Archive
Swatch Group – ½% convertible bond issue 1999 – 2006 of CHF 400,000,000
Biel / Bienne, March 10, 1999 - To finance future activities and in view of the planned resumption of the share repurchase programme via the second trading line following the Ordinary General Meeting of Shareholders of 23 June 1999, the Swatch Group is issuing a 1/2% convertible bond issue of CHF 400 million. As part of the active management of…
The Swatch Group Ltd. acquires Groupe Horloger Breguet from Investcorp S.A.
Biel / Bienne (Switzerland), September 14, 1999 - Investcorp S.A. and The Swatch Group Ltd. have reached an agreement whereby all shares of the Groupe Horloger Breguet will be taken over by the Swatch Group. Breguet whose origins date back to 1775, is one of the oldest timepiece manufacturers in the world. It produces high quality hand-assembled…
The Swatch Group sells its smart participation to Daimler-Benz
Biel / Bienne (Switzerland), November 4, 1998 – Daimler-Benz AG (Germany) takes over the 19% shareholding of Micro Compact Car (MCC), the producer of the smart car, from the Swatch Group, Biel (Switzerland). The transfer is effective as of October 31, 1998. MCC is henceforth a 100% subsidiary of Daimler-Benz AG. After the successful introduction…
New Members on the Board Of Directors - Name Change Accepted
Biel / Bienne (Switzerland), June 24, 1998 - At today`s General Assembly of the SMH shareholders, the 1997 balance sheet with a turnover of Sfr. 3,053 billion and a net income of Sfr. 332 million has been approved. From the net income of Sfr. 270 million of the Holding balance sheet, a dividend of 20% (18% in 1997) of the share-capital will be…
New Members on the Board of Directors
Biel / Bienne, April 14, 1998 - At its meeting of April 1, 1998, Board of Directors of The SWATCH GROUP has taken the following decisions: During the next meeting of The SWATCH GROUP shareholders, the Board of Directors will propose to its shareholders to complete the Board with Jean-Pascal Delamuraz (62), former Minister of Economy and former…
Higher dividends - New group name - New Swatch responsible
Biel / Bienne (Switzerland), 19 February 1998 - At yesterday`s meeting, the Board of Directors of the SWATCH GROUP Ltd, Biel (Switzerland) was duly notified of the provisional 1997 results for the SWATCH GROUP. 1. The group`s operations have developed as follows: Net income (+ 17%) was unable to match the rise in operating profit (+53,6…