Publication of inside information in accordance with Article 17 of Regulation (EU) No. 596/2014
Frankfurt am Main, November 25, 2024 - 2.28 p.m. -NEON EQUITY AG (ISIN DE000A3DW408) today concluded an agreement on the sale of its stake in publity AG. As announced, the company had initiated a sales process as part of its focus on impact investing, as the real estate division is to be discontinued. The publity investment will be sold to Olek Capital GmbH, a company owned by Mr. Thomas Olek, who was a member of the Executive Board of publity AG from 2002 to 2022. The purchase price amounts to around EUR 9 million and will be paid by returning bonds 2024/2029 (ISIN DE000A383C76) of NEON EQUITY, which are held by the buyer, so that NEON EQUITY AG will reduce its debt by a corresponding amount. The sale of the publity shares was preceded by the approach of numerous potential buyers, with the buyer offering the highest price. As a result of the sale of the publity shares, NEON EQUITY will realize a non-cash book loss of approximately EUR 134 million. The company is currently still working on various transactions that could have a significant positive impact on the annual result. In recent months, NEON EQUITY has achieved a book profit of EUR 100 million through a major transaction, among other things. The equity ratio is expected to be at least 85% at the end of the year. As a result of the transaction, NEON EQUITY is disposing of its last investment in the real estate sector and is focusing on impact investments in line with its strategy.