BRIEF

on Leonardo Art Holdings GmbH

Beowolff Capital Secures 98.93% Stake in artnet

Beowolff Capital, advised by Leonardo Art Holdings GmbH, has completed a voluntary takeover and delisting offer for artnet AG. The acquisition grants Beowolff Capital control over approximately 98.93% of artnet's share capital. The delisting from the Frankfurt Stock Exchange was finalized on August 22, 2025.

During the additional acceptance period, which concluded on August 22, 2025, a further 78,856 artnet shares were tendered. The transaction reinforces Beowolff Capital's position as a major player in the art market, aiming to broaden its influence among art buyers and sellers.

Advised by ParkView Partners and Kirkland & Ellis, Beowolff Capital plans a squeeze-out of artnet's remaining minority shareholders. All related details are available at www.leonardo-offer.com.

R. H.

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