Digital real estate advertising company REA Group has sold its European businesses to private equity investor Oakley Capital.
REA Group, which owns Australia's realestate.com.au website, has announced the completion of its sale of businesses atHome Group and REA Italia, which operate in Luxemburg, France, Germany and Italy.
It said the sale, announced to the market in December, was effective from December 31, 2016, with the final profit yielding $161.6 million including completion adjustments.
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