Basel, 11 March 2013, Art Media Agency (AMA).
According to the market analyses published by Skate’s, MCH group’s share prices skyrocketed to 64.35 CHF (€52.4839) on 5 March, which is its highest score in 52 weeks. Its lowest share price score during the same period is 42.16 CHF (€34.3857).
Swiss MCH Group is one of the world leaders in event organising and live marketing. Its portfolio includes about 95 fairs and shows, that are managed through direct labour operations or by third parties, gathering close to 20,000 companies and exhibitors and a record number of more than 2.3 million visitors annually. One of its key activities is unquestionably the art section, including the fairs of Art Basel and Art Basel Miami Beach which have recently been joined by Art Basel Hong Kong.
The day before the increase in share prices, the group had announced the beginning Baselworld’s operations within the Messe Basel’s market building, which will be inaugurated on 23 April 2013, two days after the opening of the World Watch and Jewellery Show, another of the group’s key events that attracts more than 100,000 professional visitors per year. According to the group, the investment conceded for the new complex amounted to 430 million Swiss francs, which is about 351 million euros.