The net proceeds amount to $39 million with a selling price of $26.22 per share. The construction company said that the funds will be used to strengthen its balance sheet and reduce its net debt following the recently-announced acquisition of US-based brick manufacturer Glen-Gery. Robert Webster, Brickworks Chairman of the Independent Board Committee, said "This transaction has enabled Brickworks to take advantage of the increased demand for WHSP shares following its inclusion in the MSCI index. "Brickworks is committed to maximising value for all Brickworks' shareholders and maintaining a diversified portfolio with a long-term investment focus. As a consequence of both sales, Brickworks now owns 94.3 million Soul Patts shares, equating to 39.4%. Brickworks said that it has no plans to sell any further shares of Soul Patts at this stage.