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FLETCHER BUILDING LIMITED — M&A Activity 2026
May 21, 2026
64902_rns_2026-05-21_1527e1d3-75d5-4825-8e33-54f6fa47d391.pdf
M&A Activity
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Stock Exchange Announcement FBU.NZX, FBU.ASX
Fletcher Building
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 [email protected]
MEDIA Christian May, Chief Corporate Affairs Officer +64 21 305 398 [email protected]
For information on Fletcher Building visit fletcherbuilding.com
Fletcher Building Limited, 810 Great South Road, Penrose, Auckland 1061, New Zealand