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BRIEF-Rea Group Ltd updates on acquisition of PropTiger

Published 10/01/2017, 03:28 pm
Updated 10/01/2017, 03:30 pm
© Reuters.  BRIEF-Rea Group Ltd updates on acquisition of PropTiger
REA
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Jan 10 (Reuters) - Rea Group Ltd REA.AX :

* Intention to acquire a 14.7% strategic stake in PropTiger, a leading digital real estate marketing platform in india

* Rea Group's stake will be acquired for a cash consideration of AUD 67.9 million (USD 50 million), and will be funded by existing cash reserves Source text for Eikon: ID:nASX55dncV Further company coverage: REA.AX

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