REA Group sells out of Europe to enhance focus on Australia
REA Group, the global online real estate advertising company and parent group of realestate.com.au, is set to sell the European arms of its business.
REA CEO Tracey Fellows said a number of parties were interested in acquiring the businesses.
“We were approached by multiple parties interested in our European businesses and took the opportunity to look at where we could make the greatest impact and optimise return for our shareholders,” she said.
