Apac Realty to acquire additional 22% of ERA Vietnam, taking stake to 60%

REAL estate services provider Apac Realty is acquiring an additional 22 per cent stake in ERA Vietnam and Eurocapital as it seeks to grow its business in Vietnam.

The move will take its shareholding in each of the companies to 60 per cent.

The group, which operates the ERA real estate brokerage business in Singapore, said on Monday (Jan 9) that it will acquire the shares in the companies for S$4.9 million, subject to additional earn-out payments of up to S$10.5 million.