The impending market study into the $8 billion building materials sector is unlikely to lead to any rational change to the industry and has left its rating for Fletcher Building at neutral.
Many other companies in Ryman's position would simply raise capital by one means or another, but its sole concession to debt concerns so far has been to cut its dividend.
The new fund will invest in energy transition and decarbonisation, climate change and digitisation of the global economy.
The company is achieving significant price increases in Australia, but prices in New Zealand are being constrained by competition.
Infrastructure Editor
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articles by Oliver