Brief: REA Group To Increase Holding In Aurum Through REA India Sale
16/07/2026 07:56
BRIEF-REA Group To Increase Holding In Aurum Through REA India Sale July 16 (Reuters) - REA Group REA.AX:
REA TO INCREASE HOLDING IN AURUM THROUGH REA INDIA SALE
REA INDIA TO RECEIVE AURUM SHARES VALUED AT APPROX A$68 MILLION
DEAL EXPECTED TO COMPLETE BY END OF Q1 FY27
DEAL EXPECTED TO RESULT IN LOSS OF APPROX A$110 MILLION
REA INDIA'S EQUITY INTEREST IN AURUM TO INCREASE TO 24.9% ON COMPLETION
INDIA BUSINESS TO BE CLASSIFIED AS DISCONTINUED OPERATION IN FY26
Further company coverage: REA.AX
((Reuters.Briefs@thomsonreuters.com;))
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