Commerce Commission investigates Fulton Hogan's purchase of Stevenson's unit

Thu, 14 Jun 2018

By Rebecca Howard June 14 (BusinessDesk) - The Commerce Commission has opened an investigation to determine whether Fulton Hogan's proposed acquisition of Stevenson Group construction materials business will lessen competition in any relevant market. Christchurch-based Fulton Hogan last month signed an agreement to buy the business in a deal that will see Fulton Hogan take full ownership of Stevenson’s quarries and concrete plants, transport, laboratory services and associated plant and equipment. The two companies said the terms of the...

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