Things 'might be starting to move in the right direction' for Fletcher Building

The fire-affected NZ International Convention Centre is still causing uncertainty for Fletcher Building, Forsyth Barr analysts say. (Image: NZME)

Rebecca Stevenson

Tue, 19 Nov 2024

Fletcher Building finalising the terms of its response to the Western Australia leaky pipes issue is an important step and line in the sand, Forsyth Barr says. The terms of the dual-listed building conglomerate’s $168 million joint industry response were finalised on Nov 13. Fletcher Building, under its proposed settlement for the alleged leaking pipes made by its subsidiary, Iplex Australia, will pay builders who sign on to complete necessary repair work on the condition that they don’t take legal action. The joint...

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