AI assistant
REA GROUP LTD — M&A Activity 2018
May 31, 2018
65679_rns_2018-05-31_a3c5c519-954e-49c8-893f-c78e56284efe.pdf
M&A Activity
Open in viewerOpens in your device viewer
ASX Announcement 1 June 2018
==> picture [117 x 38] intentionally omitted <==
REA Group completes Hometrack acquisition
REA Group Limited (ASX:REA) today announced that realestate.com.au Pty Ltd has successfully completed the acquisition of 100% of Hometrack Pty Ltd as announced to the market on 1 May 2018. The acquisition is effective on 1 June 2018.
REA Group CEO Tracey Fellows commented: “We are excited to move forward with the integration of Hometrack into our business. This acquisition is a core foundation to enable REA to build richer experiences for our consumers and customers.”
- ends -
For more information:
| REA Group Limited Investors | REA Group Limited Media |
|---|---|
| Owen Wilson | Natalie Cerny |
| Chief Financial Officer | Senior Manager Corporate Affairs & Communications |
| P: +61 3 8456 4288 | P: +61 407 487 221 |
| 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.