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REA to buy stake in India's PropTiger

AAP logoAAP 10/01/2017

Digital real estate advertising firm REA Group has agreed to buy a 14.7 per cent stake in Indian online real estate marketing group PropTiger for $67.9 million.

Chief executive Tracey Fellows says the company's strategic investment in India, one of the fastest growing property markets in the world, is aligned with its global strategy.

"Coupled with iProperty, it extends our footprint in Asia and strengthens our presence in a region with long-term growth potential," Ms Fellows said in a statement.

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