EQT completes acquisition of PropertyGuru
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EQT has successfully acquired PropertyGuru for $1.4 billion, marking a 52% premium over its closing share price on May 21. PropertyGuru's shares ceased trading on December 13 and the company is now privately held. EQT aims to enhance PropertyGuru's strategic initiatives and strengthen its position in Southeast Asia's PropTech sector, focusing on growth driven by urbanization and digitalization. EQT's expertise will support PropertyGuru in exploring new opportunities and evolving the property market in the region.
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Source: Singapore Business Review The copyright of this article belongs to the original author/organization.
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