In the future, TX Group, primarily known for media brands such as “Tages-Anzeiger” or “20 Minuten”, plans to further develop its real estate in a separate, profit-oriented business area. As the Zurich media group wrote before an investor day on Tuesday, the new district will form an independent division at the group level from the beginning of 2023.
The portfolio includes three printing centers in Zurich, Bern and Bussigny, as well as four office buildings in attractive locations in Zurich and Bern. It offers enough potential for independent development, communication continues. Various possibilities for the optimal ownership structure are currently being explored.
Meanwhile, TX Ventures is launching its own fintech investment fund. This is designed for a target size of CHF 100 million. The group’s venture arm plans to continue to diversify with the newly created fund.
To this end, geographic jurisdiction will be extended to Europe with a focus on the DACH region. The new fund’s capital came in part from previous sales of TX Ventures; The notice clearly states Olmero, Star Ticket and Moneypark. Investments will be made in new FinTech companies.
TX Group also plans to release new margin targets for three segments: Tamedia (paid media), 20 Minuten (free media), and Goldbach (advertising). This should be done by the end of 2023. The targets are said to be based on comparable companies.
Especially for TX Markets, the fourth segment where the marketplace and classifieds platforms are located, the transmission of the target number is still subject to the approval of other shareholders due to the partnership structure in SMG and JobCloud.
(SDA)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
