niiio finance group AG (XTRA:NIIN) signed a letter of intent to acquire an unknown majority stake in CORYX Software GmbH from Uwe Schenk on March 17, 2021. As per the terms of the agreement, niiio finance group will acquire the majority stake in return for new shares in niiio finance group AG. Post deal completion, Uwe Schenk will remain as Manager of CORYX. The transaction is subject to due diligence review and to the approval of the Management Board and Supervisory Board of niiio finance group AG.