Connect with us

Business

Boral (ASX:BLD) share price edges lower on divestment news

Published

on

ADVERTISEMENT

Image source: Getty Images

The Boral Limited (ASX: BLD) share price is trekking slightly lower today following the company’s update on its Australian timber business. 

During morning trade, Boral shares are fetching for $7.40, down 0.13%. It’s worth noting that its shares are near its 52-week high of $7.43 reached last week.

Boral agrees to sell timber business

In today’s statement, Boral announced it has entered into an agreement with Allied Natural Wood Enterprises (ANWE) to sell its Australian hardwood and softwood timber business.

Headquartered in New South Wales, Australia, ANWE is a leading wood products export marketing and logistics company. ANWE concentrates on the export of woodchip and…



Click here to view the original article.

Continue Reading
Advertisement
Advertisement

Trending