Boral may exit Indonesia, Thai operations

Boral may exit Indonesia, Thai operations
Published: 14 September 2011

Boral is looking to offload some assets after fully acquiring Lafarge Boral Gypsum Asia. UBS will look to help offload PT Jaya Readymix in Indonesia and Concrete & Quarries in Thailand. Potential takers could include Siam Cement, TPI Polene, Holcim Indonesia, Semen Tonasa or Indocement. Chief of Boral Mark Selway said he would try to maximise the potential of the businesses with the proceeds possibly going to improve the downgraded Moody’s outlook suffered by Boral.