Homegate and ImmoScout24: TX Group and Ringier establish joint venture
The online marketplaces of TX Markets and Scout24 Switzerland will be merged. This will create a digital company that is a leader in the real estate sector, among others.
The TX Group is contributing its Homegate, Ricardo, tutti.ch and Car For You platforms to the new joint venture. Ringier and Mobiliar participate by contributing the Scout24 Schweiz Group, which operates the platforms ImmoScout24, AutoScout24, MotoScout24, FinanceScout24 and anibis.ch. The fourth shareholder will be the growth investor General Atlantic. According to the partners, the joint venture will be one of the largest digital companies in Switzerland. It is to be floated on the stock exchange in the medium term.
Lothar Lanz is appointed Chairman of the Board of Directors of the company. He is currently Chairman of the Supervisory Board of Home24 SE, Deputy Chairman of the Supervisory Board of TAG Immobilien AG and a member of the Supervisory Board of Dermapharm SE. Other members of the Board of Directors are Jörn Nikolay, Olivier Rihs, Michèle Rodoni, Pietro Supino and Marc Walder. CEO of the joint venture will be Gilles Despas, currently CEO of Scout24 Switzerland Group. (ah)
