Associates and Joint Ventures
Switzerland
| Associates and Joint Ventures | Holdings |
|---|---|
| Asendia Holding AG | 40% |
| AZ Vertriebs AG | 28% |
| Credit Exchange AG | 21% |
| FedEx Express Swiss Post GmbH | 38% |
| Finform AG | 50% |
| PowerUp AG | 50% |
| SCHAZO AG | 50% |
| Somedia Distribution AG | 35% |
| Tilbago AG | 28% |
| TONI Digital Insurance Solutions AG | 24% |
| TWINT AG | 27% |
Germany
| Associates and Joint Ventures | Holdings |
|---|---|
| GSF Spedition Schweiz GmbH | 50% |
| Weliver Logistik GmbH | 26% |