Council-owned Infracon sold to Higgins Group out of liquidation

$Council-owned Infracon sold to Higgins Group out of liquidation$

Thu, 16 Oct 2014

By Paul McBeth Oct. 17 (BusinessDesk) - Infracon, the civil construction firm owned by the Tararua and Central Hawkes Bay district councils, has been sold to local civil engineering company Higgins Group out of liquidation for an undisclosed sum. Liquidators John Fisk and Tony Pattison of PwC said they have entered into a conditional agreement to sell Infracon as a going concern, which they hope to conclude by the end of November. No price was disclosed, though Pattison said if the sale goes ahead as expected secured creditors, including...

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