Former REA Group chair sells most of his shares
24 Sep 2009
By Ralph Grayden
REA Group director and Australian real estate magnate John McGrath has divested himself of most of his holdings in the company with the explanation that he wants to diversify his share portfolio.
McGrath is a former chairman of REA Group, overseeing the company's board from 2003 until 2007 in a period of rapid expansion under ex-CEO Simon Baker. D