Dec 20 (Reuters) - REA Group Ltd REA.AX
* 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 Source text for Eikon: ID:nASX3wyKWC Further company coverage: REA.AX