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Boral To Buy €380M Lafarge Asia JV Stake

Boral is buying Lafarge’s 50% interest in joint venture Lafarge Boral Gypsum Asia for €380 million.

    Boralis buyingLafarge’s 50% interest in joint ventureLafarge Boral Gypsum Asia(LBGA) for €380 million,The Wall Street Journalreports. The enterprise value of the purchase, including debt, is €429 million.

    The transaction is likely to be completed before the end of this year, addsMarket Watch. The Gypsum Asia joint venture is a plasterboard business that comprises manufacturing operations in 20 countries.

    Click here for the story fromThe Wall Street Journal.

    Click here for additional coverage fromMarket Watch.

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