Fletcher Building has provided an update on two major projects, the New Zealand International Convention Centre and Hobson Street Hotel, and the Wellington International Airport Carpark.
The company will be hosting a Q&A briefing for investors and analysts today to discuss the announcement.
No further details were provided.
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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%.
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