ZPG completes sale of Hometrack Australia
ZPG Plc
490.40p
16:59 11/07/18
0.00%
0.00p
ZPG has completed the sale of Hometrack Australia to REA Group for A$130m (£74m) in cash.
FTSE 250
20,508.75
15:45 15/11/24
n/a
n/a
FTSE 350
4,453.56
15:45 15/11/24
n/a
n/a
FTSE All-Share
4,411.85
15:45 15/11/24
n/a
n/a
Media
12,522.60
15:45 15/11/24
-2.67%
-343.44
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.