Higgins sell for $315M

22 Jan 2016 4:14 PM | Administrator . (Administrator)

Fletcher Building Limited is acquiring the New Zealand road construction business Higgins Group Holdings Limited and other related assets, together with Higgins’ Fiji contracting company, for NZ$315 million.

The companies have been partners in road construction projects for more than 25 years.

Subject to consent from the Overseas Investment Office and the Commerce Commission, Fletcher Building is anticipating the deal will be concluding on June 30, 2016.

It will acquire Higgins’ road construction and maintenance operations in New Zealand, including asphalt and bitumen plants as well as road construction and maintenance operations in Fiji.

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Source - Dieseltalk

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