⁍ Australia’s Boral Ltd said it will sell its 50% stake in joint venture USG Boral to Germany-based Gebr Knauf KG.
⁍ The country’s largest building materials supplier added it is also assessing opportunities for divestment.
– Australia’s Boral is selling its 50% stake in joint venture USG Boral to Germany-based Gebr Knauf KG for $1.08 billion, Reuters reports. The building materials supplier says it is also “assessing opportunities for divestment” in its North American building products businesses.
Source: https://www.reuters.com/article/boral-divestment-int/australias-boral-to-sell-50-stake-in-usg-boral-explore-sale-of-north-american-businesses-idUSKBN27B2MV