MCH Group sells India Art Fair

India, 3rd September: Earlier this month, MCH Swiss Exhibition (Basel) Limited, an MCH Group company based in Basel, Switzerland, announced the sale of its 65% stake in Seventh Plane Networks Private Limited, organiser of the India Art Fair in New Delhi, India. MCH will sell its stake to Angus Montgomery (HK) Limited. No financial details of the acquisition were disclosed.

MCH Group acquired its stake in the India Art Fair in September 2016. In autumn 2018, however, the company decided not to pursue its original plan to develop a portfolio of regional art fairs and subsequently, MCH decided instead to dispose of the relevant holdings.