Lafarge selling Boral stake in Asian gypsum joint-venture
Lafarge agreed with Boral on Aug. 17 to sell the company its stake in its common Asian gypsum joint-venture LBGA (Lafarge Boral Gypsum Asia) for 429 M€ (representing the enterprise value of Lafarge’s 50 percent-stake in the joint-venture).
LBGA is a 50/50 joint-venture formed in 2000 between Lafarge and Boral. The company is a leading supplier of plasterboard and other gypsum-related products across Asia, operating throughout 10 countries with 20 production facilities and employing around 2,100 people. In 2010, LBGA’s sales group share accounted for 181 M€, with an EBITDA Group share of 31 M€.
This deal is expected to be completed before year-end.
From our partners
Sandvik Construction launches the newly developed CH540 cone crusher - the latest crusher in a market-leading series. The all new…
MORE FROM Aggbeat Online
SUBSCRIBE & FOLLOW
- A set of dinosaur footprints were found in a German quarry615 Views
- A Game of Stones: Quarry set location of 'The Wall' in HBO show could become a permanent attraction500 Views
- A miner was seriously injured after a metal walkway gave way393 Views
- Summit Materials acquires Utah construction materials company385 Views
- The U.S. saw an increase in construction aggregates in the second quarter351 Views