Fletcher Building has denied reports that it is considering an equity raise.
The company described the news media report as inaccurate and said it is seeking to have the story removed.
No further details were provided in the announcement.
Fletcher Building is a leading construction company in New Zealand.
See more
The deal is subject to regulatory approvals and commercial conditions.
Every sector of the Australian share market has lost ground.
The S&P/NZX 50 Index closed at the day’s low of 12,349.47, down 46.79 points or 0.38%.
To join your company account for BusinessDesk and enjoy full access, enter your email and we’ll send you details
