Weng Fine Art AG
Weng Fine Art AG acquires 4 % Ownership Interest in Frankfurt listed Artnet AG
Weng Fine Art AG / Key word(s): Strategic Company Decision 29.05.2012 / 20:00 --------------------------------------------------------------------- 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@wengfineart.com | www.wengfineart.com End of Corporate News --------------------------------------------------------------------- 29.05.2012 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 171945 29.05.2012
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