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Exciting and positive cooperation The Swatch Group sells its smart participation to Daimler-Benz

(11/1998) After the successful introduction of the smart car in Europe and considering the withdrawal of MCC for the construction of the hybrid model, the Swatch Group decided to sell its minority shareholding in MCC and offered its shares to Daimler-Benz. This step enables the majority shareholder to realize all important and necessary measures without loss of time.

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