Media: Murdoch considering investment in Art Basel organizer -Finanz und Wirtschaft
27/06/2020 18:00
June 27 - ** Rupert Murdoch and his son James are
considering investing in MCH Group AG MCHN.S , the event group
that organises Switzerland's Art Basel show, Swiss paper Finanz
und Wirtschaft says citing two unspecified sources
** Art Basel is worth an estimated 500 million Swiss francs
($530 million), while MCH Group's market valuation is at around
100 million francs, the paper says
** James Murdoch is in charge of the negotiations, according
to Finanz und Wirtschaft
For the original story in German click here: [https://www.fuw.ch/article/murdoch-hat-basel-im-visier/
]
-- Note: Reuters has not verified this story and does not
vouch for its accuracy
($1 = 0.9479 Swiss francs)
(Reporting by Vienna Newsroom)
((vienna.newsroom@thomsonreuters.com; +43 1 53 11 22 58))