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EU launches investigation into Kingspan merger

Apr 14, 2021 10:50 By News Northern Sound
EU launches investigation into Kingspan merger
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It'll be later this year before the result is known.

The European Commission has launched an investigation in Kingspan's planned takeover of a Slovenian company.

The Kingscourt based company plans to acquire Trimo, a competitor in the building materials sector.

Its main markets are in eastern Europe, Scandinavia and the UK and France.

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The European Commission has launched an investigation after concerns over a lack of competition in the sector if the merger goes ahead.

It has until mid-August to complete its investigation.

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