John Tookey: Professor of Construction Management at AUT on Fletcher Building's sale of its construction arm

Fletcher Building's calling time on its construction arm after a difficult few years.  It's signed a sale deal with French multi-national Vinci Construction, subject to regulatory approval.  The final reckoning could sit on about $334 million, and it'll move its focus to manufacturing and distribution.  AUT Construction Professor John Tookey says it's a seismic shift, but Fletcher's been overstretched in recent years, so it's not a big surprise.  He told Andrew Dickens the question is going to be whether the removal will significantly impact the profitability and sales of the building products side of things.  LISTEN ABOVE See omnystudio.com/listener for privacy information.