News: BLD Boral To Sell Its 50% Stake In USG Boral To Germany's Knauf For US$1.02 Bln

Oct 27 (Reuters) - Boral Ltd (BLD) :

• AGREES TO SELL ITS 50% SHARE IN USG BORAL TO KNAUF
• ENTERING INTO AN AGREEMENT WITH GEBR KNAUF KG TO SELL BORAL'S 50% INTEREST IN USG BORAL FOR US$1.015 BILLION
• PROGRESSED A PORTFOLIO REVIEW OF ITS NORTH AMERICAN AND AUSTRALIAN BUSINESSES
• PRIOR TO TRANSACTION CLOSE, BORAL TO RECEIVE A NORMAL DIVIDEND OF US$32 MILLION FROM USG BORAL
• TRANSACTION IS EXPECTED TO CLOSE IN FY2021
• PLAN TO EXPLORE THIRD- PARTY INTEREST IN NORTH AMERICAN BUILDING PRODUCTS BUSINESSES
• TO FULLY ASSESS DIVESTMENT OPPORTUNITIES FOR NORTH AMERICAN BUILDING PRODUCTS BUSINESSE