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EQT to acquire Spain's Idealista for 1.3 billion euros

MADRID, Sept 10 (Reuters) - Swedish global investment company EQT AB has agreed to acquire Idealista, the leading online real estate classified ads platform in southern Europe, for 1.3 billion euros ($1.54 billion), the company said on Thursday.

EQT expects the acquisition of the Madrid-based platform, which is currently controlled by funds advised by private equity group Apax Partners, to be closed in December 2020 subject to customary approvals.

$1 = 0.8459 euros Reporting by Joan Faus, Editring by Inti Landauro

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