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News Boral could buy remaining stake in USG-Boral for US$0.5bn

Boral could buy remaining stake in USG-Boral for US$0.5bn

Written by Global Cement staff
09 January 2019
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Australia: Ord Minnett, a financial services company, estimates that Boral could pay as little as US$0.5bn to buy the other half of USG-Boral, the joint venture it runs with USG. The financial company has made the forecast following the on-going acquisition of USG by Germany’s Knauf, according to the Australian newspaper. It believes that Boral is in a strong position given falling value of the joint venture and problems with Knauf’s geographical asset base following its purchase.

Last modified on 14 January 2019
Published in Global Gypsum News
Tagged under
  • Australia
  • Boral
  • Boral USG
  • Stake
  • Ord Minnett
  • USG
  • Forecast
  • Knauf
  • GGM41

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