REA Group Limited (ASX:REA) agreed to acquire 70% stake in Simplicity Loans and Advisory Pty Ltd on February 10, 2025. REA Group Limited will acquire the remaining 30% stake by the end of calendar year 2029. Simplicity Loans and Advisory Pty Ltd will continue to operate under its current brand and structure, led by Managing Directors, Jean-Pierre Gortan and Matthew Johnson.

The transaction is subject to approval by regulatory board / committee. The expected completion of the transaction is in approximately two months.