The Federal Anti-Trust Commission of Germany approves the acquisition of GlashÜtter Uhrenbetrieb GmbH

The Federal Anti-Trust Commission of Germany in Bonn approved the acquisition of the GlashÜtter Uhrenbetrieb GmbH, the most authentic watch manufacture of Germany, by the Swatch Group Ltd. in Biel/Bienne (Switzerland). The new factory plans for GlashÜtte can now be worked out and discussed with the government of Saxony and the competent authorities.

The acquisition of GlashÜtter Uhrenbetrieb GmbH had been announced by the Swatch Group on October 9, 2000.

From Swatch Group's Press Release
Biel/Bienne, November 7, 2000