Fletcher Building lights a match on its fire sale
The construction and building products company foreshadows more land sales, as it mulls exit of its residential business to chop down debt.
Fletcher is said to be considering a $500m sale of its residential business.
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Fletcher Building says it has more industrial land to sell but otherwise won't confirm speculation that it's on the verge of exiting its residential division in a half-billion-dollar deal.
The construction and building products conglomerate confirmed there were “sales processes” under way for
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