# 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.

- Type: Acquisition
- Announced: 2019-03-28
- Where: Australasia, Australia
- Value: $10.0B
- Status: announced
- Products: gypsum-based wall and ceiling lining systems, building products
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Boral Limited](https://endata.com/companies/20115.md) (partner)
- [Knauf](https://endata.com/companies/21151.md) (acquirer)
- [USG](https://endata.com/companies/27822.md) (target)
- [USG Boral Building Products](https://endata.com/companies/38298.md) (target)

## Sources

- [sbs.com.au](https://www.sbs.com.au/news/article/half-of-usg-boral-joint-venture-to-be-sold/1eoux8zqb), 2019-03-28: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.