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BRIEF-Boral To Sell Its 50% Stake In USG Boral To Germany's Knauf For US$1.02 Bln

Published 27/10/2020, 08:41 am
© Reuters.
BLD
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Oct 27 (Reuters) - Boral Ltd BLD.AX :

* AGREES TO SELL ITS 50% SHARE IN USG BORAL TO KNAUF

* ENTERING INTO AN AGREEMENT WITH GEBR KNAUF KG TO SELL BORAL'S 50% INTEREST IN USG BORAL FOR US$1.015 BILLION

* PROGRESSED A PORTFOLIO REVIEW OF ITS NORTH AMERICAN AND AUSTRALIAN BUSINESSES

* PRIOR TO TRANSACTION CLOSE, BORAL TO RECEIVE A NORMAL DIVIDEND OF US$32 MILLION FROM USG BORAL

* TRANSACTION IS EXPECTED TO CLOSE IN FY2021

* PLAN TO EXPLORE THIRD- PARTY INTEREST IN NORTH AMERICAN BUILDING PRODUCTS BUSINESSES

* TO FULLY ASSESS DIVESTMENT OPPORTUNITIES FOR NORTH AMERICAN BUILDING PRODUCTS BUSINESSE

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