November 2, 2017 / 12:03 AM / in a year

Australia's Fairfax shareholders vote to spin-off property classifieds unit

Nov 2 (Reuters) - Australian newspaper publisher Fairfax Media said on Thursday its shareholders agreed to a plan to spin off its real estate classifieds unit, Domain Holdings Australia Ltd, into a standalone listed company.

The resolution on the Domain separation from Fairfax Media “received overwhelming support from shareholders,” the Sydney Morning Herald and Australian Financial Review publisher said in a statement.

The company added that it expected Domain to start trading on the Australian Securities Exchange on Nov. 16.

Reporting by Christina Martin in Bengaluru; Additional reporting by Ambar Warrick; Editing by Byron Kaye and Richard Pullin

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below