Fletcher drops Horokiwi Quarries from Higgins purchase as application delayed again

Thu, 30 Jun 2016

By Jonathan Underhill June 30 (BusinessDesk) - Fletcher Building has dropped the Horokiwi Quarries from its application to buy rival construction company Higgins Group Holdings, a step that may help win approval from the Commerce Commission which today delayed its ruling for the second time. The regulator identified the manufacture and supply of aggregates from quarries as its key competition concern in a statement of preliminary issues released in February. Horokiwi Quarries, a 50-50 joint venture between Higgins and Fulton Hogan, operat...

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