Knauf to sell USG's stake in USG Boral JV for ACCC approval

The Australian Competition and Consumer Commission (ACCC) announced on March 28, 2019, it would approve Knauf's $10 billion acquisition of USG after Knauf agreed to sell USG's 50% stake in the USG Boral joint venture in Australasia to a buyer approved by the ACCC.

“The transactions raised some significant concerns as it would lead to Knauf owning a 50 per cent stake in the joint venture, which is a significant competitor in several markets, including markets with limited alternatives for customers.”sbs.com.au

• 1 source
• sbs.com.auHalf of USG Boral joint venture to be sold | SBS NewsMar 28, 2019

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