#WENG FINE ART

Network Corporate Finance advised the listed Weng Fine Art AG, Krefeld, on the preparation and implementation of a 10% capital increase.

#Key data

Industry: Retail & eCommerce
Client: WENG FINE ART
Project type: Debt Advisory
Description: Private Placement
Date: July 2012

Transaction 

In a private placement, Weng Fine Art AG, Krefeld, placed 50,000 ordinary shares from a capital increase. The total issue volume amounts to EUR 3,1 million at an issue price at EUR 62,00 per share, giving Weng Fine Art a market cap of EUR 36.3 million.

 

The Company 

Weng Fine Art AG is one of the fastest-growing, internationally active art traders 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 served by its 100% subsidiary Weng Fine Art Editions GmbH that offers worldwide on various platforms, multiple works of art by some of the most important contemporary artists.

Weng Fine Art AG shares are traded on the Frankfurt Stock Exchange (Entry Standard) since 2 January 2012.

For additional information on Weng Fine Art:
www.wengfineart.com
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