Signing announcement
Fletcher Construction is today officially welcoming Fijian Holdings Limited (FHL) and Fiji National Provident Fund (FNPF) to the Fletcher Higgins Fiji business.
Earlier this month, the deal was signalled with the signing of a Memorandum of Understanding between the three parties. A final agreement has now been reached, and we can confirm 50% of the Fletcher Higgins Fiji business will be sold to FHL and FNPF. Completion of the transaction is targeted to happen in late June or July 2024, conditional upon receipt of Fijian regulatory approvals.
We look forward to seeing the growth of the businesses as a result of this new, closer relationship with our long-term partners.
The agreement does not impact on our New Zealand construction businesses.
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