What's Happening?
Leonardo Art Holdings GmbH has submitted a request for the squeeze-out of minority shareholders of artnet AG, offering a cash compensation of EUR 11.16 per share. Holding approximately 95.42% of artnet AG's share capital, Leonardo Art Holdings aims to transfer the remaining shares to itself. The adequacy of the cash compensation has been confirmed by a court-appointed expert auditor. The squeeze-out resolution is expected to be passed at an extraordinary general meeting on November 20, 2025, in Berlin.
Why It's Important?
This development is crucial for artnet AG as it marks a significant shift in its shareholder structure, potentially affecting its strategic direction and governance. The squeeze-out process allows Leonardo Art Holdings to consolidate control, which could lead to changes in company operations and priorities. Minority shareholders will be impacted by the loss of their stake, although compensated financially. This move reflects broader trends in corporate consolidation and shareholder dynamics within the industry.
What's Next?
The squeeze-out will take effect once the resolution is passed and registered with the commercial register. Minority shareholders will receive cash compensation, and Leonardo Art Holdings will gain full control over artnet AG. The upcoming extraordinary general meeting will be a pivotal event, determining the finalization of this corporate restructuring.
