Regulatory Filings • Feb 26, 2024
Regulatory Filings
Open in ViewerOpens in native device viewer
Ad hoc announcement pursuant to Art. 53 LR
TX Group / Key word(s): Real Estate/Strategic Company Decision
Review of the TX Group's real estate strategy is proceeding
26-Feb-2024 / 06:25 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.
In December 2022, TX Group announced that it would review and further develop its real estate strategy in the coming years. This process is now one step further: TX Group is evaluating the bundling of its portfolio in a separate company and assessing forms of cooperation with specialized real estate companies. For this purpose, TX Group talks with selected potential partners. At this stage, it remains to be seen whether such a transaction will materialize.
TX Group's real estate portfolio includes three newspaper printing centers. Printing volumes are declining throughout the industry. Capacity must be reviewed on an ongoing basis. This goes hand in hand with the question of real estate development of the printing centers in the event of a change of use. Considerations are ongoing. With three printing centers still in operation, it will be possible to gradually adapt to the declining volume.
Reviewing the real estate strategy and the development of the printing centers is an ongoing process. TX Group will inform about possible implementation.
Contact
Ursula Nötzli, Chief Communications & Sustainability Officer, ursula.noetzli @tx.group
About TX Group
The TX Group forms a network of platforms and participations that offers users information, orientation, entertainment and assistance for everyday life on a daily basis. Its roots lie in journalism with the diverse newspapers of Tamedia and the free media of 20 Minuten. The portfolio is complemented by the advertising marketer Goldbach. The TX Group is an anchor shareholder of the SMG Swiss Marketplace Group and JobCloud, holds majority stakes in Doodle and Zattoo and is an investor in the fintech sector through TX Ventures. Founded in 1893, TX Group has been listed on the Swiss stock exchange since 2000.
End of Inside Information
| Language: | English |
| Company: | TX Group |
| Werdstrasse 21 | |
| 8021 Zürich | |
| Switzerland | |
| Internet: | www.tx.group |
| ISIN: | CH0011178255 |
| Valor: | 1117825 |
| Listed: | SIX Swiss Exchange |
| EQS News ID: | 1844459 |
| End of Announcement | EQS News Service |
1844459 26-Feb-2024 CET/CEST
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.