REA Group agrees to buy 35% stake in Distilled for EUR 248 million

Bitget2026/09/28 23:44

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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: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. REA Group Limited published the original content used to generate this news brief via Business Wire (Ref. ID: 202609281944BIZWIRE_USPR_____20260928_BW320948) on September 28, 2026, and is solely responsible for the information contained therein.

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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REA Group agrees to buy 35% stake in Distilled for EUR 248 million

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