Domain dives as Catalano quits

Original article by Darren Davidson
The Australian – Page: 15 & 24 : 23-Jan-18

The market capitalisation of property listings group Domain Holdings was slashed by $A420m on 22 January, after the sudden resignation of CEO Antony Catalano sparked a sharp fall in its share price. The stock closed 17.2 per cent lower at $A2.75 as investors pondered the reason for Catalano’s departure just two months after Domain was spun off by Fairfax Media. Independent director Greg Ellis has been touted as a potential successor to Catalano. He currently heads Scout24 in Germany and he is a former CEO of Domain rival REA Group.

CORPORATES
DOMAIN HOLDINGS AUSTRALIA LIMITED – ASX DHA, FAIRFAX MEDIA LIMITED – ASX FXJ, SCOUT24 HOLDING GMBH, REA GROUP LIMITED – ASX REA, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, CITIGROUP PTY LTD, TPG CAPITAL LP, HELLMAN AND FRIEDMAN, ONTARIO TEACHERS’ PENSION PLAN

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s