Realestate.com.au signs third European acquisition 09:42, Tuesday, 6 February 2007
Sydney - Tuesday - February 6: (RWE Aust Business News) - The realestate.com.au (ASX:REA) has signed its third European acquisition in 14 months, the atHome group of real estate sites for 4.5 million euro ($7.5m). AtHome operates five real estate sites covering Luxembourg (residential and commercial sites), the Wallonie region of Belgium, the Lorraine region of France, and the Trier region of Germany. Over 500 agents use the sites, the business is profitable and is rapidly growing. Managing director Simon Baker said the REA group will work with atHome's management team to solidify its market position in Luxembourg and to continue to drive its expansion into Belgium and selected regions of France and Germany.
REA Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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