News | Business
20 Jan 2026 14:17
| outlook hotmail | yahoo mail | gmail | news | weather | finance | shopping | about nzcity | Search |
NZCity News
NZCity CalculatorReturn to NZCity
SEARCH 

  • Start Page
  • Personalise
    •    News
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

    •
      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

     Other Business News
     20 Jan: A two million dollar prize purse will again be offered for the 105th New Zealand Golf Open
     20 Jan: Fletcher Building is selling off its construction arm to a French multinational
     20 Jan: As prices for everyone's favourite sweet treat soar - chocolate makers are searching to find cheaper alternatives
     20 Jan: The head of one of largest mortgage broking firms is questioning an interest rate hike by our largest bank
     20 Jan: China's population has fallen for a fourth consecutive year, and at a greater clip
     19 Jan: Consumers could soon spot cocoa-free chocolate on shelves - as producers scramble to find cheaper alternatives
     19 Jan: A word of caution as calls grow to fund weight-management drugs
     Top Stories

    RUGBY RUGBY
    Don't be surprised if the coaching nous of Scott Robertson is lured to the UK More...

    BUSINESS BUSINESS
    A two million dollar prize purse will again be offered for the 105th New Zealand Golf Open More...


     Today's News

    		 Entertainment:
    Johnny Knoxville can no longer be hit over the head during Jackass stunts, after suffering a brain haemorrhage 14:10

     Basketball:
    The Breakers are assessing their roster options after confirmation American import Rob Baker is out for the rest of the NBL basketball season 14:07

     Soccer:
    All Whites coach Darren Bazeley's welcoming a rare opportunity ahead of this year's Football World Cup 14:07

     Business:
    A two million dollar prize purse will again be offered for the 105th New Zealand Golf Open 13:47

     Entertainment:
    Tom Brady has described his divorce from Gisele Bundchen as "a challenge" 13:40

     Entertainment:
    Ben Affleck hopes his kids "don't waste their life acting" 13:10

     National:
    Sexualised deepfakes on X are a sign of things to come. NZ law is already way behind 13:07

     Law and Order:
    In Iran, Elon Musk's Starlink helped citizens get messages beyond the 'digital prison' 13:07

     Law and Order:
    A New Zealand psychologist working in the US has been charged with sharing child sex material - after an undercover sting 13:07

     Environment:
    A warning conditions could get worse in the upper North Island - as wild weather persists 12:47

     News Search




    Power Search

    © 2026 New Zealand City Ltd