Brief: Publity Negotiations To Sell A Majority Stake In Preos Global Office Real Estate & Technology AG

PREOS Global Office Real Estate & Technology AG

28/01/2021 13:20

Jan 28 (Reuters) - PUBLITY AG  PBYG.DE :
    * PUBLISHES FURTHER DETAILS ON NEGOTIATIONS TO SELL A
MAJORITY
STAKE IN PREOS GLOBAL OFFICE REAL ESTATE & TECHNOLOGY AG
    * BUYER IS INTERNATIONALLY ACTIVE ASIAN CONGLOMERATE WITH
TOTAL
ASSETS IN DOUBLE-DIGIT BILLION EURO RANGE AND SEVERAL TENS OF
THOUSANDS OF EMPLOYEES WORLDWIDE
    * CURRENTLY BEING DISCUSSED IN DEPTH BY PARTNERS АF
TRANSACTION IS
SUCCESSFULLY COMPLETED THAT PUBLITY AND POTENTIAL BUYER PROVIDE
PREOS WITH FINANCING IN TRIPLE-DIGIT MILLION EURO RANGE ALREADY
IN COMING QUARTERS
    * SO THAT PREOS COULD THUS ACQUIRE REAL ESTATE IN GERMANY
AND IN
EUROPEAN ЕOP METROPOLISES WORTH UP TO EUR 1 BILLION BEFORE END
OF 2021
    * FUTURE EQUITY PARTICIPATION OF PUBLITY IN FURTHER PROPERTY
PURCHASES OF PREOS IS ALSO POSSIBLE

Source text for Eikon:  ID:nEQ3NMsnja 
Further company coverage:  PBYG.DE 

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