8 October 2019
In September 2016, the MCH Group acquired its stakeholding in India Art Fair and supported the successful art fair in its further development within the important South Asia art market during the last three years.
In autumn 2018, the MCH Group decided not to pursue its development of a portfolio of regional art fairs any further and to dispose of the relevant holdings.
The purchasing company is backed by Sandy Angus, who already holds a 35 percent stake in Seventh Plane Networks Private Limited. "We are delighted that a reputable and reliable partner is taking over our shares and making a very strong commitment to India Art Fair," says Bernd Stadlwieser, CEO of the MCH Group. "He will support the fair in continuing its successful development."
Taking place annually in the capital city of New Delhi, India Art Fair reflects the country’s fast-developing art scene, as well as offering curated insights into the cultural landscapes of neighbouring states. The fair’s programme draws together galleries, artists, private foundations, arts charities, artists’ collectives, national institutions, cultural events and festivals. It aims to enable both local and international audiences to engage in innovative ways with the cultural history and development of the South Asian region.
Angus Montgomery Ltd. is a global events company with over 100 years of experience.
https://indiaartfair.in
https://www.mch-group.com/en-US.aspx
http://www.montex.co.uk
MCH Group sells its shares in India Art Fair
MCH Swiss Exhibition (Basel) Ltd, a MCH Group company in Basel (Switzerland), is selling its 65.0 percent stake in Seventh Plane Networks Private Limited in New Delhi (India) to Angus Montgomery (HK) Limited based in Hong Kong. Seventh Plane Networks Private Limited is the organiser of the India Art Fair.
 Photo: MCH GroupIndia Art Fair attracts visitors with an interest in the arts, including curators, artists, collectors, journalists, gallerists and critics. |
In autumn 2018, the MCH Group decided not to pursue its development of a portfolio of regional art fairs any further and to dispose of the relevant holdings.
The purchasing company is backed by Sandy Angus, who already holds a 35 percent stake in Seventh Plane Networks Private Limited. "We are delighted that a reputable and reliable partner is taking over our shares and making a very strong commitment to India Art Fair," says Bernd Stadlwieser, CEO of the MCH Group. "He will support the fair in continuing its successful development."
Taking place annually in the capital city of New Delhi, India Art Fair reflects the country’s fast-developing art scene, as well as offering curated insights into the cultural landscapes of neighbouring states. The fair’s programme draws together galleries, artists, private foundations, arts charities, artists’ collectives, national institutions, cultural events and festivals. It aims to enable both local and international audiences to engage in innovative ways with the cultural history and development of the South Asian region.
Angus Montgomery Ltd. is a global events company with over 100 years of experience.
https://indiaartfair.in
https://www.mch-group.com/en-US.aspx
http://www.montex.co.uk
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