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Australia's Fairfax Media to demerge real estate arm
Published Wed, Feb 22, 2017 · 09:50 PM
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Sydney
AUSTRALIA'S Fairfax Media on Wednesday confirmed plans to demerge Domain Group, cheering investors even as the property division posted its first-ever drop in earnings due to falling property listings.
Fairfax shares surged up to 10.3 per cent, the highest intraday gain in more than three years, after the publisher of The Sydney Morning He…
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