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REA GROUP LTD — Capital/Financing Update 2017
Jul 30, 2017
65679_rns_2017-07-30_3f922f41-4ae4-46a6-8e4f-0105fd33f535.pdf
Capital/Financing Update
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ASX Announcement 31 July 2017
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REA Group completes strategic investment in Smartline
REA Group Limited (ASX:REA) today announced that realestate.com.au Pty Ltd has successfully completed the acquisition of an 80.3% stake in Smartline Home Loans Pty Ltd, one of Australia’s premier mortgage broking franchise groups, as announced to the market on 27 June 2017. The acquisition is effective from 31 July 2017.
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For more information:
| REA Group Limited Investors | REA Group Limited Media |
|---|---|
| Owen Wilson | Erin Chancellor |
| Chief Financial Officer | Corporate Communications Manager |
| P: +61 3 8456 4288 | P: +61 411 048 474 |
| E: [email protected] | E: [email protected] |
About REA Group Limited: (www.rea-group.com): REA Group Limited ACN 068 349 066 (ASX:REA) (“REA Group”) is a multinational digital advertising business specialising in property. REA Group operates Australia’s leading residential and commercial property websites, realestate.com.au and realcommercial.com.au, Chinese property site myfun.com and a number of property portals in Asia via its ownership of iProperty Group. REA Group also owns Smartline Home Loans Pty Ltd, an Australian mortgage broking franchise group, and holds a significant shareholding in property websites Move, Inc in the US and PropTiger in India.