Australia's Link jumps on over $2.3 bln offer for majority-owned realty firm PEXA

PExA AB

28/05/2021 01:24

** Shareholder registry firm Link Administration  LNK.AX 
rises 4.2% to A$5.41 in early trade
    ** Says got an over A$3 billion ($2.32 billion) offer from
private-equity giant KKR & Co  KKR.N  for majority-owned online
real estate platform PEXA  urn:newsml:reuters.com:*:nL3N2NE2QD
    ** Property classifieds operator Domain Holdings Australia
 DHG.AX  also eyes a stake in the prized firm, says will join a
consortium looking to acquire a 10% stake in PEXA
    ** KKR in its announcement has said it expected to partner
with Domain; Domain, however, did not name who will comprise the
consortium
    ** About 256,500 shares of LNK have traded within 10
minutes, about 12% of their 30-day moving average volume 
    ** LNK shares down 6.5% this year, as of last close





($1 = 1.2922 Australian dollars)

 (Reporting by Anushka Trivedi in Bengaluru)
 ((Anushka.Trivedi@thomsonreuters.com; +918061823241;))