May 10 (Reuters) - Boral Ltd (BLD) :
- BORAL AGREES TO SELL US CONCRETE & QUARRIES BUSINESS
- EXPECTS TO RECOGNISE A PRE-TAX PROFIT ON SALE OF AROUND US$45 MILLION
- AGREED TO SELL ITS CONCRETE & QUARRIES BUSINESS IN DENVER, COLORADO TO BRANNAN SAND AND GRAVEL COMPANY, LLC FOR US$127 MILLION
- PROCEEDS FROM SALE WILL BE USED TO REDUCE DEBT
- TRANSACTION IS EXPECTED TO COMPLETE ON OR AROUND 31 MAY 2018 AND IS SUBJECT TO CUSTOMARY REGULATORY APPROVALS
