21. Investments in subsidiaries
|
Investments in subsidiaries |
City |
Activity |
Consolidation |
Share capital in 1000 |
Investment in % Direct |
Investment in % Inirect |
|
|
Switzerland |
|
|
|
|
|
|
|
|
MCH Swiss Exhibition (Basel) Ltd. |
Basel |
CP, VE |
F |
CHF |
40 000 |
100.0 |
|
|
MCH Swiss Exhibition (Zurich) Ltd. |
Zurich |
CP, VE |
F |
CHF |
13 720 |
100.0 |
|
|
MCH Beaulieu Lausanne SA |
Lausanne |
CP |
F |
CHF |
100 |
100.0 |
|
|
MCH Live Marketing Solutions AG |
Effretikon |
EM |
F |
CHF |
300 |
100.0 |
|
|
Art, Kunstmesse AG, in Basel |
Basel |
TC |
F |
CHF |
50 |
|
100.0 |
|
Swisstech Fachmesse AG |
Basel |
TC |
F |
CHF |
50 |
|
100.0 |
|
Natura, Internationale Fachmesse und Kongresse AG |
Basel |
TC |
F |
CHF |
50 |
|
100.0 |
|
Ineltec Fachmesse AG |
Basel |
TC |
F |
CHF |
50 |
|
100.0 |
|
Swissdata, Fachmesse für Datenverarbeitung AG |
Basel |
TC |
F |
CHF |
50 |
|
100.0 |
|
Orbit Fachmessen AG |
Basel |
TC |
F |
CHF |
100 |
|
100.0 |
|
Esthetica SA |
Lausanne |
TC |
F |
CHF |
100 |
|
100.0 |
|
Design Miami Basel AG in Liquidation |
Basel |
CP |
F |
CHF |
500 |
|
50.0 |
|
Digital Festival AG |
Zurich |
CP |
F |
CHF |
105 |
100.0 |
|
|
Parkhaus Messe Zürich AG |
Zurich |
VE |
E |
CHF |
5 000 |
|
20.0 |
|
Germany |
|
|
|
|
|
|
|
|
Creative Management Holding GmbH |
Hilden |
EM |
F |
EUR |
25 |
|
100.0 |
|
MC2 Europe GmbH |
Hilden |
EM |
F |
EUR |
200 |
|
50.0 |
|
Great Britain |
|
|
|
|
|
|
|
|
Masterpiece London Ltd. |
London |
CP |
F |
GPB |
19 |
|
67.5 |
|
United States |
|
|
|
|
|
|
|
|
Art Basel U.S. Corp. |
Miami |
CP |
F |
USD |
100 |
|
100.0 |
|
MCH US Corp. |
Delaware |
EM |
F |
USD |
30 000 |
100.0 |
|
|
Creative Management Services, Inc. |
Missouri |
EM |
F |
USD |
0 |
|
100.0 |
|
Creative Management Services, LLC |
Delaware |
EM |
F |
USD |
45 |
|
100.0 |
|
Creative Management Services II, LLC |
Missouri |
EM |
F |
USD |
0 |
|
100.0 |
|
Design Commerce Technologies, Inc. |
Delaware |
CP |
A |
USD |
3 |
|
4.8 |
|
Hong Kong |
|
|
|
|
|
|
|
|
MCH Group Asia Ltd. |
Hong Kong |
CP |
F |
HKD |
1 |
|
100.0 |
|
Masterpiece Asia Ltd. |
Hong Kong |
CP |
F |
HKD |
0 |
|
67.5 |
|
China |
|
|
|
|
|
|
|
|
Expomobilia MCH Global Shanghai Ltd. |
Shanghai |
EM |
F |
RMB |
1 360 |
|
100.0 |
|
United Arab Emirates |
|
|
|
|
|
|
|
|
Expomobilia MCH Global Middle East (Dubai) LLC 7) |
Dubai |
EM |
F |
UAE |
300 |
|
49.0 |
F Full consolidation
E Equity consolidation
A At cost
CP Community Platforms
VE Venues
EM Experience Markteting
TC Trademark company
Change in consolidation scope
On 1 June 2021, MCH Group wholly acquired Digital Festival AG in Zurich with its platforms “Digital Festival”, “HackZurich” and “HackZurich Talents” for a price of CHF 0.8 million (net of cash). The goodwill of CHF 0.8 million resulting from this was offset directly against the shareholders’ equity.
|
|
01.06.2021 CHF 1000 |
|
Fair value of net assets acquired |
418 |
|
Goodwill |
835 |
|
Total purchase price consideration |
1 253 |
|
Cash and cash equivalents in subsidiary acquired |
–517 |
|
Investment in consolidated companies (net of cash) |
736 |
Further details
MCH Swiss Exhibition (Basel) Ltd. acquired 67.5% of the shares in Masterpiece London Ltd. on 30.11.2017 and, at the same time, took over control of the company. The minority shareholders of Masterpiece London Ltd. are entitled to sell their shares to MCH Swiss Exhibition (Basel) Ltd. following registration of the 2020 audited annual accounts. In return, MCH Swiss Exhibition (Basel) Ltd. is entitled to acquire the remaining shares in Masterpiece London Ltd. following registration of the 2023 audited annual accounts. Both options can be exercised up to 40 days following registration of the 2032 audited annual accounts. Since this is an equity transaction, the call/put agreement is not recognized in the balance sheet until the call or put option is exercised.
