# Knauf's acquisition of USG conditionally approved by New Zealand Commerce Commission

The New Zealand Commerce Commission conditionally approved Knauf's acquisition of USG, requiring Knauf to sell USG's 50% interest in USG Boral to maintain competition.

- Type: Acquisition
- Announced: 2019-04-22
- Where: New Zealand
- Value: $7.00B
- Status: announced
- Products: plasterboard, modular suspended ceilings
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Knauf](https://endata.com/companies/21151.md) (acquirer)
- [USG](https://endata.com/companies/27822.md) (target)

## Sources

- [businessdesk.co.nz](https://www.businessdesk.co.nz/news/comcom-conditionally-approves-knauf-usg-merger/RYTWT3G4HRJKFPXDGXAVN2GIVY/), 2019-04-22: "The Commerce Commission has followed its Australian counterpart's lead in approving a merger of building products giants Knauf and USG, provided it sells its share of a trans-Tasman joint venture"

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