Fletcher cleared to acquire Higgins Group after excluding quarry business from deal

Thu, 07 Jul 2016

By Jonathan Underhill July 8 (BusinessDesk) - Fletcher Building has gained Commerce Commission clearance to acquire rival construction company Higgins Group Holdings after dropping Horokiwi Quarries from its application to reduce its dominance in the aggregates market. The regulator cleared Fletcher to acquire Higgins' road surfacing and road maintenance, civil structure and construction products, including most of its aggregates and bitumen businesses. Higgins will transfer its ready mix concrete and property businesses to its existing s...

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