REA Group to acquire 35% interest in Distilled, owner of Daft.ie
Deal valued at €248 million (A$409 million) and expected to be modestly core EPS accretive in first year.
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REA Group to acquire 35% stake in Distilled, owner of Daft.ie
REA Group agreed to buy a 35% non-controlling interest in Distilled for about A$409m. The deal is expected to complete before the end of calendar year 2026, subject to regulatory approvals and other customary conditions.
REA Group to Acquire 35% Interest in Distilled, Owner of Daft.ie
REA Group Ltd (ASX:REA) (“REA”) today announced that it has entered into an agreement to acquire a 35% non-controlling minority interest in Distilled Ltd3 (“Distilled”), the leading multi-vertical digital marketplace operator across Ireland and Northern Ireland.The proposed investment represents an…