James Hardie sells Fermacell to Holcim for €840M; plans to close EU fiber cement business

James Hardie Industries plc

Sells European Fermacell business (fermacell® and Aestuver® brands) to Holcim for €840M (~$980M USD) cash.
Proceeds: ~$600M to repay debt to hit net leverage <2.0x by Sep 30, 2027; rest for shareholder returns.
Board authorizes $250M share repurchase program; buybacks via open market or ASR.
Company also intends to close European fiber cement business, subject to consultations.
Deal expected to close H1 2027; subject to antitrust approvals and employee consultations; termination fee €15M possible.

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