Media Release | MCH Group - Hong Kong International Art Fair
(Thomson Reuters ONE) -
MCH Group AG /
Media Release | MCH Group - Hong Kong International Art Fair
. Processed and transmitted by Thomson Reuters ONE.
The issuer is solely responsible for the content of this announcement.
MCH Group takes a majority share in Hong Kong International Art Fair
On 1 July 2011, MCH Swiss Exhibition (Basel) Ltd., a company which belongs to
the MCH Group Ltd., is acquiring 60% of the shares in Asian Art Fairs Limited in
Hong Kong, which organises the Hong Kong International Art Fair. The MCH Group
has the option of acquiring the remaining 40% of the shares in Asian Art Fairs
Limited in 2014. The parties have agreed not to disclose the purchase price for
the share packages.
The Hong Kong International Art Fair has been held in the Hong Kong Convention
and Exhibition Centre on an annual basis since 2008 and, within a short time,
has developed into a key international art fair for eminent gallery owners and
collectors. Its success reflects the increasing importance of the Asian art
market and the fact that Hong Kong is now the world's third most important art
market.
In 2012, the Hong Kong International Art Fair will be held under its existing
name once again, but will be brought forward from May to 2-5 February, so that
its timing fits in better with Art Basel and Art Basel Miami Beach. The medium-
term aim is to develop the Hong Kong International Art Fair under the Art Basel
brand and make it into the third platform for this group of internationally
leading art shows.
"With the new art fair, we will be further strengthening our internationally
leading position in this segment", explains René Kamm, CEO of the MCH Group. "As
the organiser of Art Basel and Art Basel Miami Beach - the two most important
art shows worldwide - we have every interest in a strong presence in Asia. With
our acquisition of Asian Art Fairs Limited and the Hong Kong International Art
Fair, we will be able to build up on the know-how already available in Hong Kong
while, at the same time, channelling in our extensive art fair expertise.
Everyone with an interest in the Asian art market will be able to benefit from
this."
Media contact
MCH Group Ltd.
Corporate Communications
Christian Jecker
+41 58 206 22 52
christian.jecker(at)mch-group.com
www.mch-group.com
Art Basel
Communications Manager
Maike Cruse
+41 58 206 27 06
maike.cruse(at)artbasel.com
www.artbasel.com
--- End of Message ---
MCH Group AG
Basel
ISIN: CH0039542854;
Download pdf:
http://hugin.info/134007/R/1512960/448684.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: MCH Group AG via Thomson Reuters ONE
[HUG#1512960]
Unternehmensinformation / Kurzprofil:
Datum: 06.05.2011 - 07:15 Uhr
Sprache: Deutsch
News-ID 54339
Anzahl Zeichen: 3392
contact information:
Town:
Basel
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 191 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Media Release | MCH Group - Hong Kong International Art Fair"
steht unter der journalistisch-redaktionellen Verantwortung von
MCH Group AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
