Fletcher Construction unit worth $230m to $340m, say analysts
The building materials group has appointed advisers for a potential sale of its Construction division.
Losses on construction of the NZ International Convention Centre have been a major drag on cashflow.
Analysts at Forsyth Barr estimate the potential sale of Fletcher’s Construction division businesses could generate about $230 million to $340m.
Fletcher this morning announced it had appointed advisers to consider sale options for construction and civil engineering units Higgins, Brian Perry
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