Cleary Gottlieb is representing Lafarge in the sale of its Asian gypsum operations.
Lafarge has agreed to sell to Boral its 50% stake in LBGA, their common Asian gypsum joint venture, for €429 million (representing the enterprise value of Lafarge’s 50% stake in the joint venture).
LBGA was formed in 2000 as a joint venture between Lafarge and Boral, and is now a leading supplier of plasterboard and other gypsum-related products across Asia, operating throughout 10 countries.
This transaction is expected to close before year-end.
Lafarge is the world leader in building materials, with top-ranking positions in all of its businesses: Cement, Aggregates & Concrete and Gypsum.
Boral is an international building and construction materials group, headquartered in Sydney (Australia), with leading market positions in its core businesses: Cement, Plasterboard and Brick.
