(Updates with further details and background)
Aug 16 (Reuters) - Swedish investment firm EQT AB EQTAB.ST will acquire PropertyGuru PGRU.N in an all-cash deal, valuing the Singapore-based online real estate platform at $1.1 billion, the latter said on Friday.
As part of the deal, PropertyGuru's shareholders will receive $6.70 per share, a 7% premium to the firm's last close on Thursday.
PropertyGuru will be acquired by EQT Private Capital Asia, the Swedish private equity firm's Asia-focused buyout fund.
The Singaporean firm went public in 2022 after a merger with a special purpose acquisition company called Bridgetown 2 Holdings.
Australian real estate firm REA Group (REA) owns a more than 17% stake in PropertyGuru and said it expects around A$286 million ($189.6 million) in proceeds from the sale.
($1 = 1.5085 Australian dollars)
News: REA UPDATE 1-EQT to acquire real estate platform PropertyGuru in $1.1 bln deal
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