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James Hardie To Divest Fermacell In Europe To Holcim For €840 Mln Cash; Plans $250 Mln Buyback

(RTTNews) - James Hardie Industries PLC (JHX, JHX.AX) announced an agreement to sell its sustainable walling and flooring solutions business, Fermacell, in Europe to Swiss building materials major Holcim AG (HLB.F, HCMLF, HOLN.SW) for €840 million or around $980 million, in cash.

We haven't written up this one. Nasdaq Markets has the full story — the link below goes straight to it.

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