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REA GROUP LTD — Capital/Financing Update 2017
Jan 31, 2017
65679_rns_2017-01-31_5131d71f-74c9-44d6-935a-ec4b350af53d.pdf
Capital/Financing Update
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ASX Announcement
1 February 2017
REA Group completes sale of European businesses
REA Group Limited (ASX:REA) today 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.
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For further information:
REA Group Limited Investors REA Group Limited Media
Owen Wilson Erin Chancellor Chief Financial Officer Corporate Communications Manager P: +61 3 8456 4288 M: +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 has a significant shareholding in US based Move, Inc and PropTiger in India.
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