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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments