American billionaire Peter M. Brant is a major shareholder in a company listed on the New Connect market the company Artnews SA, publisher among others, magazine “Art & amp; Business” and “Artnews”. Announces that on its basis will create a global company that publishes information about art.
According to the signed on 28 July. American agreements Brant Publications entity is to be the majority shareholder in the company Artnews SA. The Americans will move 100 percent. shares in magazines “Art in America” and “The Magazine Antiques” and “Modern Magazine” to Artnews SA.
The Communication Artnews SA ensures that this transaction will enable the company to be the world’s largest publisher of magazines and websites about art. The Communication underlines that Peter M. Brant is a paper fortune heir, and his fortune is estimated at $ 2.6 billion.
Artnews SA is the editor of “Art & amp; Business” and showing up in the US magazine “Artnews” is a magazine acquired last year for 13 million zł. It was the American company’s activities had cause drew the attention of Brant.
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