Japan’s Sumitomo Forestry buys majority stake in Australia’s largest housebuilder ...Middle East

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Japanese contractor and materials company Sumitomo Forestry is to purchase a controlling stake in Metricon, Australia’s largest housebuilder, for US$79m. The acquisition will give Sumitomo a 51% share in the… The post Japan’s Sumitomo Forestry buys majority stake in Australia’s largest housebuilder appeared first on Global Construction Review.

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