December 20, 2016 / 8:24 AM / 7 months ago

BRIEF-REA Group Ltd announces sale of European Businesses

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Dec 20 (Reuters) - REA Group Ltd

* 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: Further company coverage:

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