TX Group Increases Its Stake in SMG
TX Group AG is increasing its stake in SMG Swiss Marketplace Group Holding AG from 31.4 to 34.9 percent.
DTX Group AG acquired 3,426,731 registered shares of SMG Swiss Marketplace Group AG as part of the accelerated bookbuilding process conducted by Schweizerische Mobiliar Holding AG. This increases its stake from 31.4 to 34.9 percent. The purchase price was CHF 28.50 per share, totaling approximately CHF 98 million. The resulting stake is below the 35 percent ’opting-up’ threshold set forth in SMG’s articles of incorporation and therefore does not trigger a mandatory tender offer.
Daniel Mönch, Chief Portfolio & Operations Officer of TX Group AG, on the acquisition of the block of shares: «The purchase of these shares reflects our confidence in SMG’s strategic positioning, the quality of its market platforms, and its long-term growth potential. We believe that SMG is well-positioned to deliver sustainable value to its shareholders and to successfully contribute to TX Group AG’s results in the coming years.»
