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2016-09-12

MCH Group AG: Media Release | MCH Group | Co-ownership stake in India Art Fair

MCH Group AG / Media Release | MCH Group | Co-ownership stake in India Art
Fair. Processed and transmitted by Nasdaq Corporate Solutions. The issuer is
solely responsible for the content of this announcement.
MCH Group takes a co-ownership stake in India Art Fair

MCH Swiss Exhibitions (Basel) Ltd., a company of MCH Group Ltd., is acquiring
60.3% of the shares in Seventh Plane Pvt. Ltd in New Delhi, the organiser of
India Art Fair. With the participation of MCH Group and the co-ownership with
Angus Montgomery Ltd. (29.7%) and the Founding Director Neha Kirpal (10%),
India Art Fair will have new ownership for its ninth edition taking place 2-5
February 2017.

India is the first region of focus and India Art Fair is the first step in
realising MCH Group's ambition to create a portfolio of leading regional art
fairs, as it announced in March 2016. India Art Fair, founded in 2008, is
South Asia's leading platform for modern and contemporary art and a portal to
the region's cultural landscape. The dynamic growth of the South Asian art
market at a global level, supported by a buoyant Indian economy, has seen the
strength and significance of India Art Fair grow rapidly over the past few
years.

With the co-ownership in India Art Fair, MCH Group enters a new geographic and
market segment, pursuing its strategic aim to expand its range of services
and to make its product portfolio more international. India Art Fair will
benefit from MCH Group's knowledge as an international leading exhibition
organiser as well as its digital expertise. MCH Group will work in
partnership with the existing team at India Art Fair and the value of its
engagement will fully come into effect from 2018.

Commenting on the partnership, Marco Fazzone, Managing Director of Design and
Regional Art Fairs, MCH Group, said, "We are happy to launch our strategic
initiative with India Art Fair, as our first regional partnership. It gives
us a co-ownership position in the leading art platform for modern and
contemporary Indian and international art in South Asia. We are looking
forward to contributing to the further development of India Art Fair as a
leading face-to-face and digital platform."

Neha Kirpal, Founding Director of India Art Fair, commented: "We are delighted
to have MCH Group as an experienced international partner joining us in
India. Their commitment to this region will help us develop the fair in the
coming years."

Sandy Angus, Chairman of Angus Montgomery, said: "Since we joined India Art
Fair in 2011, we have seen significant growth in visitor numbers and sales,
with the fair truly establishing itself as by far the most significant art
fair in the region. With MCH Group's network and expertise we look forward to
realising the full potential of this signature event".

More Information about MCH Regional Art Fairs:here

Media contact
MCH Group Ltd.
Corporate Communications
Christian Jecker
+41 58 206 22 52
christian.jecker@mch-group.com

www.mch-group.com

Download Media Release
http://hugin.info/134007/R/2041160/761521.pdf

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This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: MCH Group AG via Globenewswire

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