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News: BLD Australia's Boral to sell 50% stake in USG Boral, explore sale of N. American businesses

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    27/10/20
    08:40
    Post #: 48406679

    Oct 27 (Reuters) - Australia's Boral Ltd (BLD) on Tuesday said it will sell its 50% stake in joint venture USG Boral to Germany-based Gebr Knauf KG for A$1.43 billion ($1.02 billion).

    The country's largest building materials supplier added it is also assessing opportunities for divestment in its North American building products businesses.

    ($1 = 1.4047 Australian dollars)

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