The case for breaking up Fletcher Building

Jarden analysts say Fletcher should focus on its NZ concrete, distribution and building products business and forget the rest. (Image: Fletcher Building)

Rebecca Stevenson

Fri, 08 Mar 2024

Fletcher Building could unlock value and raise billions by focusing on four core assets and divesting other assets, an analyst says.A note published by Jarden analysts Grant Swanepoel and Luan Nguyen on March 6 said Fletcher Building had not been able to consistently manage its immediate challenges, and its conglomerate structure was ineffective.“One potential strategy to address this may include slimming down the company, enabling a reduction in complexity and increase in focus that helps [Fletcher Building] better navigate a cyclical in...

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