Anchorage to buy Boral business units
Sydney-based private equity firm Anchorage Capital Partners has agreed to acquire the formwork and scaffolding business of local player Boral Ltd which engages in manufacture and supply of building and construction materials in Australia, the US and Asia, for A$35 million ($31.5 million).
The transaction is expected to complete by September this year. The divestment plan emerged after Boral sold its precast panels business. With new capital raised from selling non-core assets, the company...
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