Lafarge and Boral agree Asian deal

Lafarge has agreed with Boral to sell them its stake in their common Asian Gypsum joint venture LBGA (Lafarge Boral Gypsum Asia) for €429 million, which represents the enterprise value of Lafarge’s 50%-stake in the jv.
March 6, 2012 Read time: 1 min

725 Lafarge has agreed with 2837 Boral to sell them its stake in their common Asian Gypsum joint venture LBGA (Lafarge Boral Gypsum Asia) for €429 million, which represents the enterprise value of Lafarge’s 50%-stake in the jv.

LBGA is a 50/50 joint venture formed in 2000 between Lafarge and Boral, a leading supplier of plasterboard and other gypsum-related products across Asia, operating throughout ten countries with 20 production facilities and employing around 2,100 people.

In 2010, LBGA’s sales group share accounted for €181 million with an EBITDA Group share of €31 million.

The deal is expected to be completed before year-end.

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