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ZPG completes sale of Hometrack Australia
01-06-2018 07:51
ZPG has completed the sale of Hometrack Australia to REA Group for A$130m (£74m) in cash.
The sale was cleared by the Australian Competition and Consumer Commission earlier in the week, making the transaction unconditional.
ZPG directors agreed a £2.2bn takeover by US private equity firm Silver Lake Management last month, which has received backing from Daily Mail and General Trust, which owns just under 30% of ZPG's shares.
The sale was cleared by the Australian Competition and Consumer Commission earlier in the week, making the transaction unconditional.
ZPG directors agreed a £2.2bn takeover by US private equity firm Silver Lake Management last month, which has received backing from Daily Mail and General Trust, which owns just under 30% of ZPG's shares.
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