Business
Boral launches share buy-back after $1.3b divestment – The Australian Financial Review
The company will use the proceeds from the sale to lower its net debt from $1.9 billion to $1.5 billion, with $1 billion left to reinvest or return to shareholders….
Boral has completed the $1.3 billion sale of its joint venture stake in USG Boral after it first announced the deal in October, and will launch a share buy-back in mid-April.
The company will use the proceeds from the divestment and sale of the 50 per cent stake to 90-year-old German building materials giant Knauf Gips KG the parent company of USG to lower its net debt from $1.9 billion to $1.5 billion, with a billion dollars left to reinvest or return to shareholders.
The sale of our 50 per cent…
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