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Australian real estate firm REA Group (REA.AX), opens new tab owns a more than 17% stake in PropertyGuru and said it expects around A$286 million ($189.6 million) in proceeds from the sale.
PropertyGuru was established in 2007 and provides online real estate search services in countries including Thailand, Vietnam and Singapore.
Separately, EQT raised $1.6 billion in May as it seeks to expand in Asia’s mid-market private equity market.
The Swedish company earlier in the day agreed to acquire KJ Environment from Seoul-based investment firm Genesis Private Equity.
($1 = 1.5085 Australian dollars)
Source: Reuters
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