- ISIN CH0011178255
- Country Schweiz
TX Group AG
20 Minuten Group sells shares in Heute and heute.at to co-owners
Zurich, 16 October 2024 – The 20 Minuten Group is selling its shares in the Austrian commuter newspaper Heute (25.5%) and the online portal heute.at (51%). The buyers of these shares are the current partners and co-owners. 20 Minuten is thus completely divesting itself of its holdings in Austria.
The transaction is subject to the approval of the Austrian Federal Competition Authority (Bundeswettbewerbsbehörde) and will be finalised as soon as this is granted. The sale will have a positive one-off effect in the single-digit millions on the consolidated income statement of TX Group. The parties have agreed not to disclose the details of the transaction.
Bernhard Brechbühl, CEO 20 Minuten Group: ‘Heute and heute.at are operating successfully in the Austrian market. Over the past few years, 20 Minuten and Heute have been able to benefit from each other's know-how. However, we will henceforth be focusing on growth projects within our other markets hereafter. We are pleased that our partners and co-owners will be taking over the shares.’
Contact
Sofia Sabatini, Communication TX Group/ 20 Minuten
sofia.sabatini@tx.group
About 20 Minuten Group
Launched at the end of 1999 for a young, urban target group, the free newspaper 20 Minuten has developed into the Swiss media brand with the widest coverage and has a presence in German-speaking Switzerland, Western Switzerland and Ticino. News from Switzerland and around the world, entertainment and inspiration: 20 Minuten tells stories that get people talking. The journalism of 20 Minuten is reliable, compact, responsible, neutral and available at no cost to all. 20 Minuten offers a wide range of multimedia content across digital channels and social media.
20 Minuten Group is part of TX Group and includes the news media 20 Minuten, 20 minutes, 20 minuti and lematin.ch, the format radio GOAT Radio, the lifestyle magazine Encore as well as ventures outside Switzerland: L’essentiel in Luxembourg and Heute in Austria.