TX Group / CH0011178255
26.02.2024 - 06:25:27Review of the TX Group's real estate strategy is proceeding
| TX Group / Key word(s): Real Estate/Strategic Company Decision 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. www.tx.group 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 |
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