Asia: Knauf to buy Boral out of USG Boral

摘要

Knauf has agreed to buy Boral's 50% stake in USG Boral for US$1.02bn, bringing its total stake in the former Boral and US-based USG joint venture to 100%. The joint-venture includes gypsum wallboard-based businesses in Australia, New Zealand, Asia and the Middle East. The deal is subject to customary closing conditions, including in relation to regulatory matters.