# 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.

- Type: Acquisition
- Announced: 2020-10-27
- Value: $1.02B (1.43B AUD)
- Status: announced
- Products: building products
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Boral Limited](https://endata.com/companies/20115.md)
- [Gebr. Knauf KG](https://endata.com/companies/28423.md) (acquirer)
- [USG Boral](https://endata.com/companies/32952.md) (target)

## Sources

- [reuters.com](https://www.reuters.com/article/business/australias-boral-to-sell-50-stake-in-usg-boral-explore-sale-of-n-american-bu-idUSL4N2HH4C7/), 2020-10-26: "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."

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