An unknown buyer signed an agreement to acquire 71.56% stake in Art & Business Magazine Spólka akcyjna (WSE:ABI) from Artnews S.A. (WSE:ATN) for PLN 0.3 million in cash on December 22, 2014. Additionally, Artnews S.A. is obliged to sign additional agreement by December 31, 2014, to acquire part of Art&Business Magazine SA such as publishing agency Art&Bsiness with rights to press title Art&Business and rights to all published and digital property of Art&Business Magazine SA for PLN 0.5 million, to be paid via deduction of receivables from Art&Business Magazine SA. The transaction is subject to approval by the shareholders of Art & Business Magazine.

An unknown buyer cancelled the acquisition of 71.56% stake in Art & Business Magazine Spólka akcyjna (WSE:ABI) from Artnews S.A. (WSE:ATN) on December 22, 2015.