TX Group Increases Stake in SMG to 34.9%

TX Group AG announced it is raising its stake in SMG Swiss Marketplace Group Holding AG from 31.4% to 34.9%. This move, facilitated by the accelerated bookbuilding of Schweizerische Mobiliar Holding AG, signals TX Group's sustained confidence in SMG's strategic direction and market positioning.

TX Group AG acquired 3,426,731 registered shares at a price of CHF 28.50 per share, totaling approximately CHF 98 million. The increase remains under the 35% threshold, bypassing the requirement for a mandatory offer as per SMG's regulations.

Daniel Mönch, Chief Portfolio & Operations Officer at TX Group, highlighted the acquisition as a testament to SMG's marketplace platforms and potential for long-term value creation, aligning with TX Group's broader strategic goals.