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Home News DKSH sells its 25% stake in Swiss luxury watchmaker Bovet

DKSH sells its 25% stake in Swiss luxury watchmaker Bovet

by Uma Rajagopal
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2022 12 30T062003Z 1 LYNXMPEIBT039 RTROPTP 4 DKSH

ZURICH (Reuters) – DKSH will sell its 25% stake in Swiss luxury watchmaker Bovet to Pascal Raffy, the company said in a statement on Friday.

The transaction makes Raffy, which already owns 75% of Bovet, the watchmaker’s sole owner.

“The transaction does not materially affect DKSH’s profit and loss statement,” the company said.

 

(Reporting by Noele Illien; Editing by Christian Schmollinger)

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Uma Rajagopal has been managing the posting of content for multiple platforms since 2021, including Global Banking & Finance Review, Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune. Her role ensures that content is published accurately and efficiently across these diverse publications.