REA Group increases stake in Italian portal

The REA Group, a global online real estate advertising company based in Melbourne, Australia, has acquired an additional 10 percent of Italian real estate site casa.it for $2.44 million (1.5 million euros) from its founder, Antonio Fregnan.

This increases the REA Group's stake in Italy's number one real estate portal to 69.4 percent. The acquisition signals the REA Group's continued belief in the Italian market and its long-term importance.

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