Fletcher Building Sells Over 13% Stake in NX2 Puhoi to Warkworth Project

MT Newswires Live

2025/11/10

Fletcher Building (ASX:FBU, NZE:FBU) has sold its 13.4% stake in the Northern Express Group (NX2) Puhoi to the Warkworth project for NZ$20.2 million, including a pre-completion dividend, to a New Zealand-based infrastructure investor, according to a Monday filing with the New Zealand and Australian bourses.

The sale concludes the company's equity investment in the NX2 project, which it had maintained since 2016, the filing said.

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