Fletcher faces $11 mln charge on sale of Hudson distribution unit

Fletcher faces $11 mln charge on sale of Hudson distribution unit
By Suze Metherill June 16 (BusinessDesk) - Fletcher Building, New Zealand's largest listed company, faces an $11 million charge on the sale of its construction materials distribution business Hudson Building Supplies for $20 million to HTH Stores. A conditional agreement to sell the Australian trade-focused timber and building supplies distributor has been reached with HTH, which is part of the Woolworths home improvement division, the Auckland-based company said in a statement. Fletcher expects to record an $11 million expense in the fin...