Oct 27 (Reuters) - Boral Ltd (BLD) : AGREES TO SELL ITS 50%...

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    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
 
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