Home Articles Boral Agrees to Sell North American Building Products Business

Boral Agrees to Sell North American Building Products Business

by Linda Schmid
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Boral Limited announced that it has entered into an agreement with a subsidiary of Westlake Chemical Corporation to sell its North American Building Products business for $2.15 billion. The transaction will not result in the payment of any income tax in the United States or Australia, as a result of carried forward losses.

The board will assess options to distribute surplus capital having regard to the size of the surplus and the most appropriate method for distribution to shareholders at the relevant time.

Linda Schmid
Author: Linda Schmid

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