Boral JV delivers technology, cash

Cash in the bank, reduced debt and possibly a special dividend. Boral banks on the technology of its jv partner to deliver earnings growth.

At first glance, Boral's (BLD) latest deal appears not so much a joint venture as a partial sale.

Its $1.6 billion hook up with American group USG in Australasia, Asia and the Middle East will involve a depletion of earnings in the year ahead and an upfront payment from the American group of $500 million.

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles