What did Fletcher Building announce?
Fletcher Building (NZX: FBU) filed “Construction divestment conditions satisfied” with NZX on 21 May 2026, as a m&a announcement.
From the announcement:“Fletcher Building advises that the sale of its Construction Division to VINCI Construction, the construction arm of the VINCI Group, is now unconditional, with completion of the transaction set down for 29 May 2026.”
- Which company?
- Fletcher Building (NZX: FBU)
- When was it filed?
- 21 May 2026
- Where is the original?
- NZX announcement
Construction divestment conditions satisfied
Fletcher Building Limited, 810 Great South Road, Penrose, Auckland 1061, New Zealand
22 May 2026
Construction divestment conditions satisfied
Fletcher Building advises that the sale of its Construction Division to VINCI Construction,
the construction arm of the VINCI Group, is now unconditional, with completion of the
transaction set down for 29 May 2026.
As previously signalled, the signing by Higgins Contractors of the East Waikato, Bay of
Plenty and Hawkes Bay Integrated Delivery Contracts means that the purchase price has
increased from $315.6 million to ~$334 million, subject to working capital and net debt
adjustments.
ENDS
Authorised for release to the market by Haydn Wong, Company Secretary.
_____________________________________________________________________________________________________________
For further information please contact:
INVESTORS Alex MacDonald, GM Corporate Finance & Investor Relations +64 21 221 4266 Alex.MacDonald@fbu.com
MEDIA Christian May, Chief Corporate Affairs Officer +64 21 305 398 Christian.May@fbu.com
For information on Fletcher Building visit fletcherbuilding.com
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.