Fletcher Building Advances Strategic Focus Through Construction Divestment
Fletcher Building Limited (ASX: FBU) has entered into a binding agreement to sell its Construction Division to global infrastructure group VINCI Construction for an enterprise value of NZ$315.6 million, with the potential to rise to NZ$334.1 million subject to contract outcomes. The transaction represents a key milestone in Fletcher Building’s strategy to sharpen its focus on building products manufacturing and distribution, while strengthening its balance sheet and capital discipline. The divestment includes major New Zealand construction businesses Higgins, Brian Perry Civil, and Fletcher Construction Major Projects, while excluding South Pacific operations and certain legacy obligations retained by Fletcher Building. Completion of the transaction will depend on obtaining the necessary regulatory clearances and is anticipated to be finalised before the close of the 2026 calendar year. Approximately 2,300 employees will transition with the business, ensuring continuity for clients and partners. Management views VINCI as a strong long-term owner, given its global expertise, local presence, and commitment to New Zealand’s infrastructure pipeline.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Fletcher Building Advances Strategic Focus Through Construction Divestment
Fletcher Building Limited (ASX: FBU) has entered into a binding agreement to sell its Construction Division to global infrastructure group VINCI Construction for an enterprise value of NZ$315.6 million, with the potential to rise to NZ$334.1 million subject to contract outcomes. The transaction represents a key milestone in Fletcher Building’s strategy to sharpen its focus on building products manufacturing and distribution, while strengthening its balance sheet and capital discipline. The divestment includes major New Zealand construction businesses Higgins, Brian Perry Civil, and Fletcher Construction Major Projects, while excluding South Pacific operations and certain legacy obligations retained by Fletcher Building. Completion of the transaction will depend on obtaining the necessary regulatory clearances and is anticipated to be finalised before the close of the 2026 calendar year. Approximately 2,300 employees will transition with the business, ensuring continuity for clients and partners. Management views VINCI as a strong long-term owner, given its global expertise, local presence, and commitment to New Zealand’s infrastructure pipeline.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au