on Leonardo Art Holdings GmbH
Beowolff Capital Gains Support for Artnet Takeover
Beowolff Capital has received the backing of the Management and Supervisory Boards of artnet for its voluntary takeover and delisting offer. The boards have recommended shareholders accept the offer of €11.25 per share, citing advantages of transitioning artnet to private ownership with a stable long-term shareholder.
The proposal offers a significant 97% premium over the previous share price, with shareholders able to tender shares until August 5, 2025. Beowolff Capital has already secured over 89% ownership through share acquisitions and agreements.
The delisting from the Frankfurt Stock Exchange is expected to be effective on August 22, 2025. Beowolff Capital is advised by ParkView Partners and Kirkland & Ellis for this transaction.
R. P.
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