16 Apr 2019 10:15
Kingspan Group plc
Statement regarding Recticel NV/SA
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INSIDE INFORMATION
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16 April 2019
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Kingspan, the global leader in high performance insulation and building envelope solutions, announces that it has today made an offer to the Board of Recticel NV/SA ("Recticel") to acquire its entire Insulation and Flexible Foams divisions for a total consideration of €700 million. The offer is made subject to approval by the Board of Recticel, completion of customary due diligence and transaction documentation, and receipt of usual regulatory clearances.
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Subject to the successful completion of the acquisition, Kingspan has entered into an exclusive back to back agreement with a third party for the disposal of all of the Flexible Foams businesses.
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There can be no certainty that the offer to the Board of Recticel will result in an agreement being concluded or, if concluded, receiving regulatory approvals. A further announcement will be made if and when appropriate.
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The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.
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Lorcan Dowd
Company Secretary
+ 353 (0)42 9698000
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