Fletcher Building exits Pūhoi toll road PPP with $20.2m sale to local investor

Fletcher Building sold its 13.4% NX2 stake for $20.2m to a local investor.

Mon, 10 Nov 2025

Fletcher Building has finalised the sale of its 13.4% stake in the NX2 Pūhoi to Warkworth toll road public-private partnership (PPP) vehicle.The stake was sold for NZ$20.2 million to a New Zealand-based infrastructure investor, the company announced today.The transaction marks the end of Fletcher Building's equity investment in the NX2 vehicle, which the company had held since 2016.“With the sale of our NX2 stake, we have now concluded our equity exposure to both the Pūhoi to Warkworth toll road and PPP investments more generally,&rdq...

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