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20 Jan 2026 15:44
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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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     Today's News

    		 Rugby League:
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     Business:
    Fletcher Building's calling time on its construction arm - after a difficult few years 15:17

     Entertainment:
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     Environment:
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     Entertainment:
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     Basketball:
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