16 Apr 2019 10:15
Kingspan Group plc
Statement regarding Recticel NV/SA
INSIDE INFORMATION
16 April 2019
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.
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.
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.
The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.
Lorcan Dowd
Company Secretary
+ 353 (0)42 9698000
KGP.L (KGP)