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| Lafarge to sell stake in Lafarge Boral Gypsum Asia Lafarge, the world leader in building materials, agreed with Boral to sell them its stake in their common Asian Gypsum joint-venture LBGA (Lafarge Boral Gypsum Asia) for 429 M€ (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 31 M€. This deal is expected to be completed before year-end. write your comments about the article :: © 2011 Construction News :: home page |