Lafarge selling Boral stake in Asian gypsum joint-venture
Tina Grady Barbaccia | August 22, 2011
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.
MORE FROM Economics
- Vehicles covered in oil and grime after construction project gone wrong987 Views
- Think you're a good driver? Try staying in these crooked lanes [VIDEO]959 Views
- Homeless forced to relocate due to bridge construction458 Views
- A road without fibers is a road soon to be in need of repair434 Views
- How to become a more productive highway construction worker342 Views