An unknown investor from London signed a non-binding letter of intent to acquire an unknown minority stake in Artnet AG (XTRA : ART) from Weng Fine Art AG and Rüdiger K. Weng A+A GmbH.

An unknown investor from London signed a non-binding letter of intent to acquire an unknown minority stake in Artnet AG (XTRA : ART) from Weng Fine Art AG and Rüdiger K. Weng A+A GmbH on March 14, 2024. The transaction include a sale of all shares in artnet AG held by Weng Fine Art AG and Rüdiger K. Weng A+A GmbH. WFA and A+A have granted the investor exclusivity for a limited period of time.

It is currently uncertain whether the transaction will ultimately go through. This depends primarily on whether the investor also reaches an agreement with other Artnet shareholders in order to obtain a majority stake in the company.