Fletcher still in talks on Resi division sale
Trigger for $700m capital raise was resolution of Iplex crisis, not disappointing bids for residential assets, says incoming CEO.
Fletcher Building is raising $700m to pay down debt.
Fletcher Building remains in talks with potential buyers of its Residential and Development division despite announcing a $700 million capital raise, its incoming managing director told analysts today.
The potential transaction was flagged at Fletcher’s annual results announcement last month,
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