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Lafarge selling Boral stake in Asian gypsum joint-venture

Posted By Tina Grady Barbaccia On August 21, 2011 @ 5:22 pm In Aggbeat Online | No Comments

Lafarge agreed with Boral on Aug. 17 [1] 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.

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[1] Lafarge agreed with Boral on Aug. 17: http://www.lafarge.com/wps/portal/5_7_1-CFDet?WCM_GLOBAL_CONTEXT=/wps/wcm/connect/Lafarge.com/AllPR/2011/PR170811/MainEN

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