Fletcher Building books $85 mln profit from sale of Rocla Quarry Products

Fri, 29 Jan 2016

By Fiona Rotherham Jan. 29 (BusinessDesk) - Fletcher Building has completed the A$150 million sale of Rocla Quarry Products assets to Hanson Construction Materials following clearance from the Australian Competition Commission and the Foreign Investment Review Board. The additional sale to other parties of joint venture quarry assets and other Rocla Quarry asset outside of the Hanson deal, has netted a further A$44 million, taking the total consideration received to A$194 million ($212 million). Fletcher Building said completion of the...

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