Aug 26 (Reuters) - Boral Ltd BLD.AX :
* BORAL AGREES PLASTERBOARD TRANSACTION WITH KNAUF
* ENTERS AGREEMENT WITH GEBR KNAUF KG ("KNAUF") TO FORM AN EXPANDED 50:50 PLASTERBOARD JOINT VENTURE (JV) IN ASIA
* AGREEMENT FOR BORAL TO RETURN TO 100% OWNERSHIP OF USG BORAL AUSTRALIA & NEW ZEALAND (NZ)
* BORAL TAKES 100% OWNERSHIP OF USG BORAL AUSTRALIA & NZ AT A MULTIPLE OF 5.7 TIMES FY2019 EBITDA, WHICH IS IMMEDIATELY EARNINGS ACCRETIVE
* BORAL WILL ACQUIRE KNAUF'S 50% STAKE IN USG BORAL AUSTRALIA & NZ FOR AN ACQUISITION PRICE OF US$200 MILLION
* BORAL'S TOTAL NET INVESTMENT IS US$441 MILLION
* DEAL EXPECTED TO BE COMPLETED AROUND END OF CALENDAR YEAR 2019
* USG BORAL JV WILL ACQUIRE KNAUF ASIA PLASTERBOARD, WHICH INCLUDES CHINA AND SOUTH EAST ASIA, FOR US$532.5 MILLION
* USG BORAL JV WILL SELL MIDDLE EAST BUSINESS TO KNAUF FOR US$50 MILLION