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20 Jan 2026 13:55
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      Home > News > Business

    A clear change of direction from one of our largest companies

    A clear change of direction from one of our largest companies


    Fletcher Building's agreed to sell its construction arm to French multinational Vinci Construction for up to 334-million dollars - pending regulatory approval.

    The sale's part of Fletcher's signalled move to becoming a "manufacturing and distribution" business.

    CEO Andrew Reding says they're confident this is the right decision for shareholders - based on extensive market soundings.

    They also believe it's best for their Construction division, and the broader industry

    © 2026 Newstalk ZB, NZCity

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