AI assistant
REA GROUP LTD — M&A Activity 2018
May 29, 2018
65679_rns_2018-05-29_edf89082-4414-47fd-a3c2-7dc88d8e0aaa.pdf
M&A Activity
Open in viewerOpens in your device viewer
==> picture [595 x 101] intentionally omitted <==
ASX Announcement 30 May 2018
ACCC approves REA Group Limited acquisition of Hometrack Australia
REA Group Limited (ASX:REA) today announced that the ACCC has confirmed that it will not intervene in the acquisition by realestate.com.au Pty Ltd of Hometrack Australia Pty Ltd (“Hometrack Australia”), as announced to the market on 1 May 2018.
Hometrack Australia is one of Australia’s leading providers of property data services. Its suite of products includes property data analytics and insights, customised data platforms and a highly regarded Automated Valuation Model (AVM).
The acquisition, which will be completed in the coming days, will allow realestate.com.au to deliver more property data and insights to consumers and customers than ever before.
- Ends -
For further information:
| REA Group Limited Investors | REA Group Limited Media |
|---|---|
| Owen Wilson | Natalie Cerny |
| Chief Financial Officer | Corporate Affairs & Communications |
| P: +61 3 8456 4288 | M: +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.
About ZPG Plc (www.zpg.co.uk)
ZPG Plc (LSE:ZPG) (“ZPG”) owns and operates some of the UK’s most trusted property and household-related digital brands that help empower smarter property and household decisions including Zoopla, uSwitch, Money and PrimeLocation. It is also one of the leading residential property software and data providers with a range of products including Hometrack, TechnicWeb, Ravensworth, Alto, Jupix, ExpertAgent, PropertyFile and MoveIT. Its websites and apps attract over 50 million visits per month and over 25,000 business partners use its services. ZPG was founded in 2007 and has a highly experienced management team, led by Founder & CEO, Alex Chesterman OBE.
1