Leonardo Art Holdings GmbH Announces Takeover Offer for artnet AG

Scur-Alpha 1849 GmbH, soon to be named Leonardo Art Holdings GmbH, has announced a voluntary public takeover and delisting offer for the Berlin-based company artnet AG. The offer involves acquiring all no-par value registered shares of artnet at EUR 11.25 per share. The bidder is an investment vehicle advised by Beowolff Capital Management Ltd., London.

The acquisition is backed by irrevocable undertakings from major shareholders, securing approximately 65% of voting rights. The agreement includes an investment and delisting arrangement, ensuring artnet's support for the offer and its subsequent delisting from the Frankfurt Stock Exchange.

The offer documentation will be published online, with guidance to investors to thoroughly review all related documents once available. The process will align with German laws and certain U.S. securities regulations.