Australia’s REA Group sells Europe businesses for €111.5 million
REA Group Limited announced that it has successfully completed the sale of its European businesses, atHome Group S.à r.l. and REA Italia S.r.l., to Oakley Capital Private Equity, as announced to the market on 20 December 2016.
This is effective from 31 December 2016. The final profit to REA Group is €111.5 million (AUD 161.6 million) including completion adjustments.
REA Group, which owns Australia’s realestate.com.au website, has announced the completion of its sale of businesses atHome Group and REA Italia, which operate in Luxemburg, France, Germany and Italy.
Source: REA Group