REA Group Limited
(ASX:REA) has announced it has completed the sale of its European businesses to a private equity investor in London.
The real estate digital advertising company sold the businesses at a profit of $161.6 million including adjustments.
REA Group sold its European businesses, at Home Group S.a r.l and REA Italia S.r.l, to Oakley Capital Private Equity.
The sale was effective from 31 December 2016.
REA Group Limited
(ASX:REA) reported a net profit of $253.28 million at 30 June 2016.
