Photo: Fletcher BuildingFletcher Building has reached a binding agreement to sell its construction division to major international firm Vinci Construction. The sale of Fletcher Construction Holdings included its New Zealand business units Higgins, Brian Perry Civil and Fletcher Construction Major Projects. Reding was confident the sale to Vinci would be the right transaction for shareholders, Fletcher Construction itself and the broader New Zealand construction industry. Fletcher Building also expected to set aside $55m to $65m for probable future claims relating to legacy construction contracts retained following the divestment. The decision to sell Fletcher Construction followed a strategic review of the wider Fletcher Building business in 2025.

Source: Otago Daily Times January 19, 2026 21:41 UTC