Ann: FBR and Brickworks form joint venture, page-76

I was responding to coalking who actually said that. I personally never thought that that is the case, which is why I asked him for clarification.

The way I see it, the fact is this:

The join venture is called fastbrick Australia,

So what is the venture? FBR buy bricks from a brick making business called brickworks.

50/50 venture, why?

Because it consists of 50 percent aka FBR buying the bricks and another 50 percent of brickworks selling the bricks for FBR to buy.

Tada 50/50 venture.

The funniest announcement I have ever read ever. So silly!

If FBR just buy bricks normally from brickworks without being fancy and calling it a joint venture then the end result would be absolutely exactly the same. So why bother?