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Talk:Société des bains de mer de Monaco

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Where are the sea baths?

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History

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In 1952, Aristotle Onassis started buying shares in SBM, and soon owned a controlling interest. However, Prince Rainier retained a veto over decisions. In 1964, Rainier regained control over the company by creating 600,000 new shares, to be controlled by the state. Within a week Onassis left Monaco on his yacht.