To reduce its debt, Lafarge SA announced its decision to sell its 50 per cent stake in Lafarge Boral Gypsum Asia (LBGA) to Boral Ltd. LBGA is 50:50 joint-venture formed in year 2000 between Australia-based Boral Ltd and Lafarge SA. Through this transaction, Boral will acquire Lafarge’s interest in the joint venture which includes 20 manufacturing operations in eight countries, trading operations in a further three countries and exports to more than 30 markets. LBGA’s total plasterboard capacity is approximately 450 million m2. The deal is expected to be completed before the end of the year. Boral will utilising existing available debt facilities of the Group to purchase Lafarge.