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Rumor Mill: Franck Muller to buy Luch watch plant in Belarus?CEO of OJSC Luch Minsk Watch Plant Nikolay Gaevsky has officially confirmed that his struggling business entity is “in final acquisition talks” with the Swiss watch maker Franck Muller.Earlier last week local press speculated that the Swiss brand has agreed to buy 52 percent of Luch’s assets and promised to invest around USD $10 million in the cash strapped plant’s retooling and relocation to a nearby town Lahoysk, which is located about 20 miles north from Belarus capital Minsk. In return, Franck Muller gets a pricey piece of land in Minsk where it can build an A-class business center and/or residential buildings.Luch Pocket Watch (credit: OJSC Luch)There are also rumors among Luch’s workers that the new owner plans to fire “everyone older than 35 years of age,” but the fears are probably grossly exaggerated, since in October 2010 Mr. Vartan Sirmakes of Franck Muller promised to keep all 800 jobs intact.Also, in October 2010, Belarusian president Alyaksandr Lukashenka said that Franck Muller was ready to promote Luch brand “at the world market” and planned to build “The Watch Village” near Minsk. He also said that the Swiss watch maker will buy 52 percent of Luch’s assets and will take in asset management the other 48 percent of the shares that will remain in the government’s hands.Franck Muller refused to comment on the news.

Amidst a beautiful presentation ceremony at the Hotel de Paris in Monte Carlo, the first Franck Muller Aeternitas Mega 4 Grande Sonnerie Westminster Carillon was delivered to its owner on Saturday 7th November 2009. The watch which is in the making since 2004 required utmost dedication, passion and technical wizardry of the Master watchmakers of the Franck Muller Manufacture. An extraordinary creation, the Aeternitas Mega 4, is touted to be the world's most complicated wrist-watch, with 36 complications, of which 25 are visible on the dial and on the back, composed of 1483 individual components. This complicated timepiece has now replaced the Patek Philippe Calibre 89 timepiece which held the title of the world's most complicated watch. With a price tag of $2.27 million this watch is also the most expensive timepiece to be sold outside of an auction.