Swatch says will buy Harry Winston for up to $1bn:

14th January 2013, Comments 0 comments

Swatch Group, the world's leading watchmaker, said on Monday it would acquire the US jeweller and watchmaker Harry Winston for up to $1 billion (750 million euros).

The Swiss group will pay $750 million to acquire the company and add a maximum of $250 million to take over its net debt, a statement said.

The transaction does not include the mining activities of the Harry Winston Diamond Corporation, it said.

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© 2013 AFP

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