ZPG completes sale of Hometrack Australia

ZPG has completed the sale of Hometrack Australia to REA Group for A$130m (£74m) in cash.

The sale was cleared by the Australian Competition and Consumer Commission earlier in the week, making the transaction unconditional.

ZPG directors agreed a £2.2bn takeover by US private equity firm Silver Lake Management last month, which has received backing from Daily Mail and General Trust, which owns just under 30% of ZPG’s shares.