REA Group agrees to buy 35% stake in Distilled for EUR 248 million
Bitget2026/09/28 23:44- REA Group agreed to buy a 35% non-controlling stake in Ireland marketplace operator Distilled, owner of property portal Daft.ie.
- Consideration set at about EUR 248 million, or about AUD 409 million, with shares bought pro rata from existing shareholders.
- Funding to come from debt and existing cash reserves.
- Deal expected to be modestly core EPS accretive in the first year post-completion.
- Closing targeted before end-2026, subject to regulatory approvals and customary conditions.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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