Fletcher sells Aussie Tradelink unit
Sale to US-based Blackfriars Corporation subsidiary for $186m comes with further impairments, write-offs and costs of about $120m.
Fletcher Building chief executive Nick Traber.
Fletcher Building has sold its Australian plumbing supplies business Tradelink for A$170 million ($186m) after putting the company up for sale in February.
The buyer is Metal Manufactures Pty Ltd, a subsidiary of US-based Blackfriars Corporation, an investment vehicle for the wealthy Colburn
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