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Kingspan Group PLC

Acquisition update

Source: RNS
RNS Number : 8347Y
Kingspan Group PLC
05 January 2024
 

 

Kingspan Group plc

 

Acquisition Update

 

5 January 2024

 

Kingspan Group plc ("Kingspan") announces completion of the acquisition of a majority stake in Steico SE

Further to its announcements on 17 July 2023 (RNS No. 2908G) and 17 November 2023 (RNS No. 8832T) Kingspan, the global leader in high-performance insulation and building envelope solutions, is pleased to announce that it has today completed the acquisition of a majority stake (c. 51%) in Steico SE from Schramek GmbH. 

 

Arising from the transaction, Kingspan has issued 1,004,960 shares to Schramek GmbH.

 

There are no significant matters or changes which would require to be announced in accordance with Listing Rule 10.4.2.

 

 

For further information contact:

 

Kingspan

Lorcan Dowd, Group Company Secretary

 

+353 42 9698000

Murray Consultants

Pat Walsh

+353 1 4980300

 

 

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