Lafarge divestment of gypsum business in Asia

Lafarge divestment of gypsum business in Asia
17 August 2011

Lafarge agreed with Boral to sell them its stake in their common Asian Gypsum joint-venture LBGA (Lafarge Boral Gypsum Asia) for €429m (representing the enterprise value of Lafarge’s 50%-stake in the joint-venture).
LBGA is a 50/50 joint-venture formed in 2000 between Lafarge and Boral. The company is a leading supplier of plasterboard and other gypsum-related products across Asia, operating throughout 10 countries with 20 production facilities and employing around 2,100 people. In 2010, LBGA’s sales Group share accounted for 181 M€, with an EBITDA Group share of €31m.
This deal is expected to be completed before year-end.
Published under Cement News