publity AG (XTRA:PBY) reported on the current status of negotiations with the potential buyer on the acquisition of a majority stake in its group subsidiary PREOS Global Office Real Estate & Technology AG (XTRA:PAG). Due to the current ongoing work to complete the annual and consolidated financial statements of PREOS, the potential buyer and publity have agreed to postpone their negotiations on the acquisition of a majority stake in PREOS until the presentation of the completed and audited financial statements for the fiscal year 2020. Both parties have thereby expressed their continuing intention to complete the transaction subject to satisfactory due diligence and contractual documentation.

Based on the adjusted timeline, the closing of the transaction is targeted for the third or fourth quarter of 2021.