Duyuru • Aug 21
Beowolff Capital completed the acquisition of an unknown minority stake in Artnet AG (XTRA:ART) from Weng Fine Art AG (DB:WFA) and others. Beowolff Capital agreed to acquire an unknown minority stake in Artnet AG (XTRA:ART) from Weng Fine Art AG (DB:WFA) and others on May 27, 2025. A cash consideration valued at €11.25 per share will be paid by the buyer. At the time of the offer's announcement, Beowolff Capital had secured approximately 65% of all outstanding shares through irrevocable acceptance letters and share purchase agreements.
In connection with the offer announcement, Beowolff Capital and Artnet AG have today entered into an investment and delisting agreement. In this agreement, Artnet AG and Beowolff Capital have agreed that, subject to customary conditions and caveats, the Artnet AG will (i) support the Offer, (ii) apply for the revocation of the admission of the artnet Shares to trading on the regulated market of the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse) with effect as of the end of the additional acceptance period of the Offer (Delisting) and (iii) take all commercially reasonable steps and measures to terminate the inclusion of the artnet Shares in trading on the open market.
The offer is subject to approval by the German Federal Financial Supervisory Authority. As of June 11, 2025, the sale of the stake in artnet AG (Artnet) has now been completed and the purchase price of almost €20 million for the Artnet shares acquired has been paid to Rüdiger K. Weng and the companies under his control. As of July 8, 2025, the deal has been approved by the German Federal Financial Supervisory Authority. The management board and the supervisory board of Artnet AG recommends all shareholders of Artnet AG to accept the offer. The deal is expected to close on August 5, 2025.
As on August 5, 2025, Total of 1.531983 million artnet shares were tendered into the voluntary public takeover and delisting offer for artnet AG during the acceptance period this corresponds to approximately 26.85% of all outstanding artnet shares. Beowolff Capital Secures 97.17% of all artnet Shares and provided additional acceptance period which will end on August 22, 2025.
Weng Fine Art AG (WFA). Holger Alfes, Stephan Schulz, Philip M. Schmoll, Laurenz Wieneke, Jörg-Peter Kraack, Jan Hoffmann Linhard and Sebastian de Schmidt of Noerr Partnerschaftsgesellschaft mbB acted as legal advisor to Artnet AG. Benjamin Leyendecker of Kirkland & Ellis acted as legal advisor for Beowolff Capital. Richard Mayer-Uellner of CMS Germany act as legal advisor for Weng Fine Art AG. ParkView Partners acted as financial advisor to Beowolff Capital.
Beowolff Capital completed the acquisition of an unknown minority stake in Artnet AG (XTRA:ART) from Weng Fine Art AG (DB:WFA) and others on August 19, 2025. The squeeze-out is being implemented pursuant to Sections 327a et seq. of the German Stock Corporation Act. The Squeeze-Out under Stock Corporation Law becomes effective upon registration of the transfer resolution with the Company’s commercial register. Upon registration of the transfer resolution with the commercial register, all shares in the Company held by the Minority Shareholders will be transferred to Leonardo Art Holdings GmbH. Duyuru • Aug 15
Artnet AG to Report Q2, 2025 Final Results on Aug 22, 2025 Artnet AG announced that they will report Q2, 2025 final results on Aug 22, 2025 Duyuru • Jul 31
Artnet AG to Report Fiscal Year 2024 Final Results on Aug 07, 2025 Artnet AG announced that they will report fiscal year 2024 final results at 5:30 PM, Central European Standard Time on Aug 07, 2025 Duyuru • Jun 23
Artnet AG to Report Fiscal Year 2024 Results on Jul 31, 2025 Artnet AG announced that they will report fiscal year 2024 results at 5:30 PM, Central European Standard Time on Jul 31, 2025 Duyuru • Jun 13
Beowolff Capital completed the acquisition of additional 29.99% stake in Artnet AG from Weng Fine Art AG (DB:WFA) and RÜDiger K. Weng A+A GmbH. Beowolff Capital agreed to acquire additional 29.99% stake in Artnet AG from Weng Fine Art AG (DB:WFA) and RÜDiger K. Weng A+A GmbH for almost €20 million on May 27, 2025. In this transaction, Weng Fine Art AG will get €15.2 million. WFA will use the high cash inflow primarily to reduce its bank liabilities and, as a result, will terminate its cooperation with three banks for the time being in the coming months. This will reduce the number of financing partners to three or four banks in the near future. The management plans to invest the remaining part of the income in the development of promising new business areas, among other things. The closing of the agreement is scheduled for May 30, 2025. Holger Alfes, Stephan Schulz, Philip M. Schmoll, Laurenz Wieneke, Jörg-Peter Kraack, Jan Hoffmann Linhard and Sebastian de Schmidt of Noerr Partnerschaftsgesellschaft mbB acted as legal advisor to Artnet AG. Benjamin Leyendecker of Kirkland & Ellis acted as legal advisor for Beowolff Capital. Richard Mayer-Uellner of CMS Germany act as legal advisor for Weng Fine Art AG.
Beowolff Capital completed the acquisition of additional 29.99% stake in Artnet AG from Weng Fine Art AG (DB:WFA) and RÜDiger K. Weng A+A GmbH on June 11, 2025. Duyuru • May 27
Beowolff Capital agreed to acquire an unknown minority stake in Artnet AG (XTRA:ART) from Weng Fine Art AG (DB:WFA) and others in a tender offer transaction. Beowolff Capital agreed to acquire an unknown minority stake in Artnet AG (XTRA:ART) from Weng Fine Art AG (DB:WFA) and others in a tender offer transaction on May 27, 2025. A cash consideration valued at €11.25 per share will be paid by the buyer.
In connection with the offer announcement, the Company and the Bidder have today entered into an investment and delisting agreement. In this agreement, the Company and the Bidder have agreed that, subject to customary conditions and caveats, the Company will (i) support the Offer, (ii) apply for the revocation of the admission of the artnet Shares to trading on the regulated market of the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse) with effect as of the end of the additional acceptance period of the Offer (Delisting) and (iii) take all commercially reasonable steps and measures to terminate the inclusion of the artnet Shares in trading on the open market. ParkView Partners acted as financial advisor to Beowolff Capital.
Transaction is expected to complete on May 30, 2025. Holger Alfes, Stephan Schulz, Philip M. Schmoll, Laurenz Wieneke, Jörg-Peter Kraack, Jan Hoffmann Linhard and Sebastian de Schmidt of Noerr Partnerschaftsgesellschaft mbB acted as legal advisor to Artnet AG. Duyuru • Apr 24
Artnet AG to Report Fiscal Year 2024 Final Results on Jun 30, 2025 Artnet AG announced that they will report fiscal year 2024 final results at 5:30 PM, Central European Standard Time on Jun 30, 2025 Duyuru • Apr 11
Artnet Discusses Takeover Offer with Two Investors German art market website Artnet AG (XTRA:ART) said on April 10, 2025 that two investors are currently evaluating a possible takeover offer for the company with a potential consideration of at least EUR 11 per share. Based on Artnet’s number of shares, the potential bid would value the firm at up to EUR 61.81 million (USD 68.5 million). Artnet said that it is in talks with Art Technology Holding Inc. and another potential investor. At this point, however, the outcomes of the discussions are not clear and it is not certain that they will ultimately result in a takeover offer. The statement was made after Artnet shareholder Weng Fine Art AG earlier said that it was approached by Art Technology Holdings USA and other investor who are potentially planning a public takeover for Artnet. The investors sent draft declarations inviting Weng Fine to tender its Artnet shares. Duyuru • Mar 07
Art Technology Holdings Inc. Announces Intent to Explore A Bid to Acquire Majority Control of Artnet Last week at the Artnet Annual General Shareholder Meeting, Art Technology Holdings (ATH) formally announced their intent to explore a bid to acquire majority control of Artnet AG (XTRA:ART)- a leader provider of auction pricing data for fine art and a well-respected media voice in the fine art industry. Senior executives from ATH were in Berlin last week to meet with shareholders and explore a tender offer for a price of €11 per share. "Artnet is a very well-respected asset in the world of fine art. The company is the leading destination for critical data about art pricing and industry trends – creating a backbone for the development of the industry as a whole. Unfortunately, the company has not achieved its full potential and requires new leadership, ideas and technology to better serve the buyers and sellers in the global fine art market," said Garry McGuire, Executive Chairman of ATH. "We believe we can create value for shareholders and subscribers by changing management, investing working capital, and bringing Silicon Valley technology innovation to the business." Trevor Ruegg, CEO of ATH further added, "Artnet has significant technical debt and has been starved of investment capital due to its size and public company micro-cap limitations. This is a company that should be taken private and injected with new capital and strategies to better serve their customers and the art market more broadly. ATH seeks to provide infrastructure that will become a catalyst for growth in the fine art market, creating incrementality while not disintermediating participants in the current value chain". Duyuru • Jan 22
Artnet AG, Annual General Meeting, Feb 27, 2025 Artnet AG, Annual General Meeting, Feb 27, 2025, at 10:00 W. Europe Standard Time. Duyuru • Oct 11
Artnet AG, Annual General Meeting, Nov 18, 2024 Artnet AG, Annual General Meeting, Nov 18, 2024, at 10:00 W. Europe Standard Time. Duyuru • Aug 28
Artnet AG to Report Q2, 2024 Results on Sep 17, 2024 Artnet AG announced that they will report Q2, 2024 results on Sep 17, 2024 Duyuru • Aug 12
Artnet AG to Report Q2, 2024 Results on Aug 30, 2024 Artnet AG announced that they will report Q2, 2024 results on Aug 30, 2024 Duyuru • Jun 14
Weng Fine Art AG (DB:WFA) acquired additional unknown minority stake in Artnet AG (XTRA:ART). Weng Fine Art AG (DB:WFA) acquired additional unknown minority stake in Artnet AG (XTRA:ART) on June 13, 2024. Rüdiger K. Weng, founder and majority shareholder of WFA, currently holds a direct and indirect stake of almost 30% in Artnet, making him the company's largest shareholder.Weng Fine Art AG (DB:WFA) completed the acquisition of additional unknown minority stake in Artnet AG (XTRA:ART) on June 13, 2024. Duyuru • May 01
Artnet AG to Report Fiscal Year 2023 Results on May 31, 2024 Artnet AG announced that they will report fiscal year 2023 results on May 31, 2024 Duyuru • Mar 15
An unknown investor from London signed a non-binding letter of intent to acquire an unknown minority stake in Artnet AG (XTRA : ART) from Weng Fine Art AG and Rüdiger K. Weng A+A GmbH. An unknown investor from London signed a non-binding letter of intent to acquire an unknown minority stake in Artnet AG (XTRA : ART) from Weng Fine Art AG and Rüdiger K. Weng A+A GmbH on March 14, 2024. The transaction include a sale of all shares in artnet AG held by Weng Fine Art AG and Rüdiger K. Weng A+A GmbH. WFA and A+A have granted the investor exclusivity for a limited period of time. It is currently uncertain whether the transaction will ultimately go through. This depends primarily on whether the investor also reaches an agreement with other Artnet shareholders in order to obtain a majority stake in the company. Duyuru • Oct 07
Artnet Ag Announces Martina Batovic Has Joined Artnet Auctions as Co-Head of Post-War & Contemporary Art Artnet AG announced that Martina Batovic has joined Artnet Auctions as Co-Head of Post-War & Contemporary Art. With over 15 years of experience at leading Galleries and Auction Houses, Martina is set to grow Artnet Auctions' presence in the UK and Europe. Previously, Martina spent 7 years in the auction world, most recently as the Head of UK for Dorotheum, building the UK business and client base for the important auction house in central Europe, and previously as a Post-War and contemporary Specialist with Bonhams. Martina is a regular panellist, industry voice and an active participant in the contemporary art world, including PEER UK where she serves as a Trustee.With a multi-faceted view of the industry, Martina has worked across all three major areas of the market: auction, gallery and advisory. Since May 2021, she is Founder & CEO of Artisan Art Intelligence, an innovative strategic consultancy focusing on private sales, market intelligence and art education. Building on her wealth of diverse industry experience, Martina works with clients to fulfill their needs when operating in the art world.As a pioneer of online transactions, Artnet's Marketplace is ideally positioned to harness the nascent shift to online experiences and sales within the art industry. With major auction houses reporting that the majority of their bidding is taking place online, and 78% of collectors having purchased art online in 2022, the art world's future is clearly digital. Artnet is uniquely positioned to offer collectors and professionals an unparalleled, holistic, and transparent experience and service by harnessing its rich data and information to empower buyers and sellers alike.