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News Boral ‘considering options’ on Knauf deal

Boral ‘considering options’ on Knauf deal

Written by Global Gypsum staff
20 March 2020
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Australia: Boral has announced that it is ‘considering a range of potential options’ regarding its planned resumption of 100% ownership of USG Boral Plasterboard from Germany-based Knauf in light of the fact that the Australian Competition and Consumer Commission (ACCC) is ‘unlikely to approve the call option in relation to the Australia and New Zealand business.’ The call option would have given Knauf the right to return to 50% ownership of USG Boral Plasterboard within five years. The ACCC’s likely intervention in the transaction is believed to have to do with Boral’s financial situation.

Published in Global Gypsum News
Tagged under
  • Boral
  • Knauf
  • Australia
  • Germany
  • Boral USG
  • Acquisition
  • call
  • agreement
  • Australian Competition and Consumer Commission
  • New Zealand

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