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Fletcher Building Limited (ASX:FBU)

ALERT: Price-sensitive ASX Announcement for FBU
Current share price for FBU : $3.000 0.54 (21.95%)+
Announcement
Release
22 May 2026 7:32AM
Price at Release
$2.460
Full Release
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Summary
Fletcher Building Limited has completed the sale of its Construction Division to VINCI Construction, part of the VINCI Group, with the transaction now deemed unconditional and set to finalize on 29 May 2026. The involvement of Higgins Contractors in signing integrated delivery contracts in East Waikato, Bay of Plenty, and Hawkes Bay has led to an increase in the purchase price from $315.6 million to approximately $334 million, subject to final adjustments related to working capital and net debt.
Key Points
  • Fletcher Building Limited announced the completion of the sale of its Construction Division to VINCI Construction.
  • The transaction has become unconditional with completion scheduled for 29 May 2026.
  • Signing by Higgins Contractors increased the purchase price from $315.6 million to approximately $334 million.
  • Adjustments for working capital and net debt are pending.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.