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

M&A & RestructuringCompany Fundamentals

James Hardie (JHX) agreed to sell its Europe sustainable walling and flooring business, Fermacell, to Holcim for €840 million (~$980 million) in cash. The deal is a sizable disposal that should crystallize value for shareholders and refocus the portfolio around remaining core operations.

Analysis

James Hardie (JHX) agreed to sell its Europe sustainable walling and flooring business, Fermacell, to Holcim for €840 million (~$980 million) in cash. The deal is a sizable disposal that should crystallize value for shareholders and refocus the portfolio around remaining core operations.

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mildly positive

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JHX0.35

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