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

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    Nov 2 (Reuters) - Australian newspaper publisher Fairfax Media (FXJ) 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.

 
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$232.12
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