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
The new Sandvik Ranger surface drill rig offers renowned drilling efficiency with up to 20% lower fuel consumption
Known to many by their former name, Ranger, Sandvik’s DX series surface top hammer drill rigs all feature a revolving…
MORE FROM Aggbeat Online
SUBSCRIBE & FOLLOW
- House of Representatives passes bill blocking EPA's new Waters of the U.S. rule398 Views
- The Labor Department is auditing MSHA for allegedly failing to collect penalty fines377 Views
- Cat introduces larger sizes of its Tier 4 Final articulated trucks341 Views
- Caterpillar intros 336F L XE hybrid excavator: smart pumps, boom work faster, burn less fuel (PHOTOS)293 Views
- Cat backs up claims of fuel efficiency with a guarantee218 Views