#WENG FINE ART
Network Corporate Finance advised the listed Weng Fine Art AG, Krefeld, on the preparation and implementation of a 10% capital increase.
|Industry:||Retail & eCommerce|
|Client:||WENG FINE ART|
|Project type:||Debt Advisory|
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.
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.