The initiative of developing a portfolio of regional art fairs is not being pursued any further. MCH Group sold its 25.1 percent stake in art.fair International GmbH in Cologne to Angus Montgomery (HK) Ltd and TFI Ltd in equal shares. MCH Group intends to sell its shareholding in the India Art Fair. Until that has happened, the fair will be supported by the MCH Group in the customary manner. The group decided not to proceed with its participation in the new Art SG in Singapore that had previously been announced.