Fletcher Building Ltd
FBU: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$4.80 | Yrzj | Cnmt |
Fletcher Building: No Fair Value Estimate Impact From Tradelink Sale
Fletcher Building has found a buyer for its Tradelink plumbing supply business in Australia. The sale, to privately owned company Metal Manufactures, is for AUD 170 million. There are no regulatory or other conditions to complete the sale, which is expected to be completed by the end of September 2024. We calculate the transaction to be roughly value-neutral.