MCH Group sells 30% stake to James Murdoch
/Switzerland, 10th July: Art Basel’s parent company, MCH Group, has announced plans to sell a 30% stake to Lupa Systems, a private company controlled by James Murdoch. The deal is expected to be approved by MCH’s shareholders on 3rd August. Some media reports suggest that the stake could be as high as 44% depending on the final agreed terms. Lupa Systems, established last year, “aims to build an investment portfolio of entertainment and media companies.”
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