Business
KKR-Domain’s $3.1b offer upends PEXA process – The Australian Financial Review
A $3.1 billion offer with a deadline of 5pm on Sunday is being closely considered by PEXA shareholders.
Domain told the ASX on Friday that it regularly assesses investment opportunities to accelerate the growth of its marketplace model.
Domain is participating in a process as part of a consortium with respect to potentially acquiring a 10 per cent interest in Torrens Group Holdings Pty Ltd that owns PEXA, the company said.
Link Group owns 44.2 per cent of the PEXA electronic conveyancing business which is growing fast and will soon set up shop in the UK. Fairfax Media
Domain said it would keep the…
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