Fletcher Building to raise $435 mln amid financial struggles

Fletcher Building

22/09/2024 21:39

Sept 23 (Reuters) - New Zealand's Fletcher Building
 FBU.NZ  said on Monday it would raise NZ$700 million ($435.61
million) via a placement and an entitlement offer as it aims to
improve financial stability amid challenging market conditions.

($1 = 1.6069 New Zealand dollars)

 (Reporting by Roshan Thomas in Bengaluru
Editing by Chris Reese)
 ((Roshan.Thomas@thomsonreuters.com;))