News: REA REA Group Ltd announces sale of European Businesses

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    Dec 20 (Reuters) - REA Group Ltd (REA)

    • REA announces sale of European Businesses
    • Entered into an agreement to sell its European Businesses, at Home Group S.À R.L. And REA Italia S.R.L., to Oakley Capital Private Equity
    • Transaction values REA EUROPE at EUR 132.6 million on a cash and debt free basis and will result in an estimated profit of EUR 115.2 million
    • Transaction will result in an estimated profit of eur 115.2 million
 
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