Aug 23 (Reuters) - Boral Ltd BLD.AX :
* AGREES TO SELL MIDLAND BRICK
* DEAL FOR $86 MILLION
* ENTERED INTO AN AGREEMENT WITH A WESTERN AUSTRALIAN CONSORTIUM TO SELL ITS MIDLAND BRICK BUSINESS
* PROCEEDS FROM SALE WILL BE USED TO REDUCE DEBT AND FUND STRATEGIC GROWTH OPPORTUNITIES
* NET PROCEEDS ARE EXPECTED TO BE AROUND $82 MILLION