Boral to sell 50% stake in USG Boral to Gebr Knauf for A$1.43B

Australia's Boral Ltd announced it will sell its 50% stake in joint venture USG Boral to Germany-based Gebr Knauf KG for A$1.43 billion ($1.02 billion). Boral is also assessing divestment opportunities in its North American building products businesses.

“Australia's Boral Ltd on Tuesday said it will sell its 50% stake in joint venture USG Boral to Germany-based Gebr Knauf KG for A$1.43 billion.”reuters.com

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• reuters.comAustralia's Boral to sell 50% stake in USG Boral, explore sale of N. American businesses | ReutersOct 26, 2020

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