Fulton Hogan seeks buyer for Australian civil construction unit

Fulton Hogan seeks buyer for Australian civil construction unit
Paul McBeth
By Paul McBeth May 15 (BusinessDesk) - Fulton Hogan is looking to sell its Australian civil construction unit which has been a drag on earnings for the past 18 months.  The privately-held company has hired Macquarie Investment Bank to run a sale process with a view to flogging off the unit as a fully operational business. It aims to complete a transaction this year.  “The board believes that, under new ownership, Fulton Hogan Construction would be better placed to continue growing and to take advantage of the buoyant Australian enginee...

More Infrastructure

Record $85.4m profit for Port of Auckland
Infrastructure

Record $85.4m profit for Port of Auckland

Container volumes are heading back to pre-pandemic levels.

Garth Bray 28 Aug 2025
Spanish infra giant Acciona backs Clifford Bay
Infrastructure

Spanish infra giant Acciona backs Clifford Bay

The upstart ferry port challenger boasts heavy-hitting backers.

Pattrick Smellie 27 Aug 2025
Ferry Holdings assessing Clifford Bay alternative ruled out
Policy

Ferry Holdings assessing Clifford Bay alternative ruled out

Ferry Holdings only has a mandate to look at Picton, Winston Peters tells backers.

Oliver Lewis 26 Aug 2025
Supply chain inefficiencies stymieing NZ exporters
Policy

Supply chain inefficiencies stymieing NZ exporters

“We are paying 50-60% more to get our freight to India.” 

Oliver Lewis 25 Aug 2025