DGAP-News: Weng Fine Art AG acquires 4 % Ownership Interest in Frankfurt listed Artnet AG
(firmenpresse) - DGAP-News: Weng Fine Art AG / Key word(s): Strategic Company Decision
Weng Fine Art AG acquires 4 % Ownership Interest in Frankfurt listed
Artnet AG
29.05.2012 / 20:00
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PRESS RELEASE | MAY, 29 2012
Weng Fine Art AG acquires 4 % Ownership Interest in Frankfurt listed Artnet
AG
Weng Fine Art AG has filed today with German authorities the mandatory
disclosure related to a purchase of an initial 4 % ownership interest in
Artnet AG that it acquired in cooperation with its largest shareholder RKW
Art + Asset Management GmbH. The shares had been bought in the open market
and in a block trade.
Artnet AG is a Berlin and New York based provider of art market information
and online art auction platform. The firm, listed on the Frankfurt Stock
Exchange (Prime Standard), is currently run by Hans Neuendorf, 74, the
former galerist and art dealer.
Weng Fine Art AG (www.wengfineart.com), based in Krefeld (Germany) is one
of the fastest growing art dealerships on the European continent. The
company uses a B2B model, focusing on trading more than 500 blue chip
artists from the 20th century. Important clients are, beside others,
Sotheby's, Christie's and Phillips. The retail market is serviced by its
100 % subsidiary Weng Fine Art Editions GmbH, which offers worldwide on
different platforms editions of some of the most important living artists.
Weng Fine Art shares are traded on the Frankfurt Stock Exchange (Entry
Standard) since January 2, 2012.
CONTACT
Weng Fine Art AG
Rüdiger K. Weng, CEO
Kimplerstrasse 294 | D-47807 Krefeld
Phone +49(0)2151 93713-0 | Fax +49(0)2151 93713-29
weng(at)wengfineart.com | www.wengfineart.com
End of Corporate News
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29.05.2012 Dissemination of a Corporate News, transmitted by DGAP - a
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171945 29.05.2012
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