REA Group Agrees to Acquires 70% Stake in Commercial Finance Brokerage

MT Newswires Live

02/10

REA Group (ASX:REA) conditionally agreed to acquire a 70% stake in commercial finance brokerage, Simplicity Loans & Advisory, according to a Tuesday statement by the company.

The remaining stake will be acquired by the end of 2029, the statement said.

The proposed acquisition is expected to be completed in about two months, the statement added.

Shares of the company rose 1% in recent Tuesday trade.

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