Japan’s Sumitomo Forestry buys 5http://www.businessnewsaustralia.com/1pc of Metricon for $http://www.businessnewsaustralia.com/1http://www.businessnewsaustralia.com/15m

Australia’s largest homebuilder Metricon, which bounced back into profit in FY24, is about to fall under the control of Sumitomo Forestry Australia in a deal that could see a full takeover of the housing group in a few years.

Sumitomo Forestry Australia, a subsidiary of the Tokyo-listed…