LNK 0.00% $2.09 link administration holdings limited

(Adds details on deal, background) May 28 (Reuters) - Domain...

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    (Adds details on deal, background)

    May 28 (Reuters) - Domain Holdings Australia (DHG) said on Friday it would join a consortium looking to acquire a 10% stake in online real estate platform PEXA's holding company, without naming who it was partnering with.

    This comes a day after PEXA's top shareholder Link Administration Holdings Ltd (LNK) said private-equity giant KKR & Co KKR.N had offered to buy PEXA in an over A$3 billion ($2.32 billion) deal and was expecting to team up with Domain.

    Shareholder registry firm Link has been evaluating a trade sale or an initial public offering for PEXA, which has seen rapid growth due to a booming Australian property market, and had set June as a deadline for bidders.

    Property classifieds operator Domain said it was mulling acquiring a stake in Torrens Group Holdings, owned 44.2% by Link, and rest by Morgan Stanley Infrastructure Partners MS.N and Commonwealth Bank of Australia (CBA) .

    Link did not immediately respond to a Reuters request for comment.

    ($1 = 1.2915 Australian dollars)

 
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