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REA - REA News Story

A$103.62 2.2  2.2%

Last Trade - 5:10am

Sector
Technology
Size
Large Cap
Market Cap £7.03bn
Enterprise Value £7.12bn
Revenue £495.5m
Position in Universe 37th / 1830

BRIEF-Rea Group Says Co Entered Into Binding Agreement To Establish JV With 99.Co

Tue 8th October, 2019 8:13am
Oct 8 (Reuters) - REA Group Ltd  REA.AX :
    * CO ENTERED INTO BINDING AGREEMENT TO ESTABLISH A JOINT
VENTURE
WITH 99.CO
    * REA GROUP WILL BE THE LARGEST SHAREHOLDER WITH A 27%
SHAREHOLDING
    * TO CONTRIBUTE $8 MILLION IN WORKING CAPITAL TO JV
    * EXISTING 99.CO SHAREHOLDERS, LIKE SEQUOIA, EDUARDO
SAVERIN, AND
SO ON WILL HAVE SHAREHOLDINGS IN JV CO TOTALLING 73%

Source text for Eikon: [http://bit.ly/2oXw9i3]
Further company coverage:  REA.AX 

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