EQT AB to Acquire PropertyGuru for $1.1 Billion in Cash

Singapore-based online property platform PropertyGuru Group Ltd. (PGRU) entered a merger agreement on August 16, 2024, to be acquired by Swedish investment firm EQT AB in an all-cash deal valued at $1.1 billion.

Deal Structure:

As per the mutually agreed terms, EQT Private Capital Asia, which is part of EQT AB, will acquire PropertyGuru for $6.70 per share in cash, representing a 7.03% premium from the stock’s last close.

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