Etex N.V. (ENXTBR:094124453) entered into an agreement to acquire Knauf Plasterboard Pty Limited from Knauf Australia Pty Limited on November 24, 2020. Under the terms, the existing employees in Australia, including the management team, would continue to operate the business in Australia. The transaction is subject is to customary closing conditions. As of March 1, 2021, Australian Competition and Consumer Commission (ACCC) and Foreign Investment Review Board (FIRB) have both approved the transaction. The transactions is expected to close in early 2021. JPMorgan Chase & Co. (NYSE:JPM) acted as financial advisor to Etex. BofA Securities acted as financial advisor to Knauf. Etex N.V. (ENXTBR:094124453) completed the acquisition of Knauf Plasterboard Pty Limited from Knauf Australia Pty Limited on March 24, 2021. The name has been officially changed to Etex Australia. The business will continue to operate under the Knauf brand until all rebranding ­activities are completed and the business will continue to operate as always, and there will be no changes to staffing or operational processes as a result of the transaction.