Beowolff Capital Acquires Shares for artnet AG Takeover

Leonardo Art Holdings GmbH has announced a significant step in its takeover and delisting plan for artnet AG. In a recent agreement, Galerie Neuendorf has committed to tender approximately 3% of artnet's entire share capital to the offer and sold an additional 13% to Leonardo Art Holdings. This move aims to ensure a fully aligned shareholder structure post-delisting.

The delisting of artnet AG is anticipated by the end of the additional acceptance period. Andrew Wolff, CEO of Beowolff Capital, expressed satisfaction with Galerie Neuendorf's decision to back their offer, noting its importance in shaping the company's future.

Shareholders can realize immediate value by tendering their shares at a premium before delisting, which might lead to limited liquidity and price availability. The offer awaits approval from BaFin, following which, the offer document will be published.