Notes to the annual financial statements

TX Group AG, Zurich is the parent company of the TX Group. The direct and indirect investments held by TX Group AG are shown in Note 37 to the consolidated financial statements.

The following overview reports the most significant products and services managed directly by the parent company by division:

Advertising & Free Media

• 20 Minuten

• 20 minutes

Shared Services

• Corporate Services

• Real Estate Management

• Technology / IT

• Management TX Ventures

Restructuring

As of 1 January 2020, a decentralised organisational structure was formed under the umbrella of TX Group AG comprising four largely self-contained companies. Within the framework of the restructuring process, the operating units in the Advertising and Paid Media segments were transferred to subsidiaries of TX Group AG.