Boral Limited agrees to sell its Australian timber business for $64.5 million

SYDNEY, AUSTRALIA: Boral Limited has entered into an agreement with Allied Natural Wood Enterprises Pty Limited (Pentarch Group) to sell its Australian hardwood and softwood timber business for $64.5 million, subject to customary completion adjustments, a news release said. The divestment of the timber business, which is expected to be completed in 2021, is in…