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Swatch CEO denies immediate plan to go private

Nick Hayek, the CEO of Swatch Group, has denied any immediate plans to delist the company, despite earlier expressions of interest in taking it private. In an interview with the German news platform Bilanz, Hayek acknowledged that privatizing Swatch, currently listed on the Swiss Exchange, “would be nice,” especially given the low share price. However, he emphasized that there are no current plans for this move, calling speculation around it unfounded. His comments address previous reports suggesting he was close to pursuing a privatization strategy in response to the group’s declining share price.

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