Global trade buyers likely to scoop Fletcher Building’s construction division

Global trade buyers likely to scoop Fletcher Building’s construction division
Fletcher eyes the sale of its construction division. (Image: Getty)
Rebecca Stevenson
Staff reporters
Global trade buyers are expected to snap up Fletcher Building’s construction division, with one market watcher suggesting a price tag in the vicinity of $300 million. Meanwhile, another, a cornerstone shareholder, has poured cold water on the success of a low-ball offer.Fletcher Building said on Tuesday that it was exploring the sale of its construction division, which includes Higgins, Brian Perry Civil, and its major construction business. This followed a strategic review of its portfolio from 2024.“We will carefully con...

More Markets

Restaurant Brands NZ's indy directors say low-ball offer tasty enough
Retail

Restaurant Brands NZ's indy directors say low-ball offer tasty enough

Below-valuation offer for Restaurant Brands NZ recommended by independent directors.

NZ sharemarket edges higher as F&P Healthcare weighs on gains
Markets Market Close

NZ sharemarket edges higher as F&P Healthcare weighs on gains

The S&P/NZX 50 Index closed 14.49 points or 0.11% down at 13,391.59.

Jamie Gray 24 Oct 2025
Contact Energy expands global investor base
Markets

Contact Energy expands global investor base

Contact Energy priced an inaugural €500 million (NZ$1.01b) 7-year senior bond under its Euro Medium Term Note (EMTN) Programme, it said Friday.“This marks a milestone in Contact’s funding strategy, expanding our global investor base and reinforcing our commitment to sustainable f...

Rebecca Howard 24 Oct 2025
Kiwibank wary of capital-review barrier to growth
Finance

Kiwibank wary of capital-review barrier to growth

Kiwibank raises issues of competitive advantage.

Andy Macdonald 24 Oct 2025