ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for monitor Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.

KGP Kingspan Group Plc

72.80
0.00 (0.00%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Kingspan Group Plc LSE:KGP London Ordinary Share IE0004927939 ORD EUR0.13 (CDI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 72.80 72.50 73.10 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Kingspan Group PLC Acquisition (0677C)

18/02/2022 7:00am

UK Regulatory


Kingspan (LSE:KGP)
Historical Stock Chart


From Jun 2021 to Jun 2024

Click Here for more Kingspan Charts.

TIDMKGP

RNS Number : 0677C

Kingspan Group PLC

18 February 2022

Kingspan Group plc

Acquisition of Ondura

Inside Information

18 February 2022

Kingspan, the global leader in high-performance insulation and building envelope solutions, is pleased to announce that it signed an exclusive put option agreement yesterday to acquire Ondura Group ('Ondura') from Naxicap Capital Partners and others.

Ondura, comprising Onduline SAS, Alwitra Holding, CB SA and their subsidiaries, is a leading global provider of roofing membranes and associated roofing solutions headquartered in France, with 14 manufacturing sites and a distribution network in 100 countries worldwide. In the 12 months to 31 December 2021 Ondura had un-audited consolidated revenues of EUR424m with EBITDA of EUR63m, and Trading Profit of EUR55m. Gross assets as at 31 December 2020 were EUR387m.

The total consideration for the businesses will be EUR550m (debt free, cash free) payable in cash on completion. Signing of the share purchase agreement is subject to standard French employee procedure and the customary regulatory clearances, and is expected to complete in the second half of 2022. The existing Ondura management teams will be retained in the businesses.

The acquisition of Ondura is expected to increase Kingspan Group EBITDA by approximately 7% on a full year basis. The acquisition is fully aligned with Kingspan's long stated strategy to develop multiple technologies in roofing applications and will serve as our global platform for advancing these solutions.

For further information contact:

 
 Kingspan 
  Lorcan Dowd, Group Company Secretary    +353 42 9698000 
 Murray Consultants 
  Douglas Keatinge                        +353 1 4980300 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

ACQEAEAPFEDAEEA

(END) Dow Jones Newswires

February 18, 2022 02:00 ET (07:00 GMT)

1 Year Kingspan Chart

1 Year Kingspan Chart

1 Month Kingspan Chart

1 Month Kingspan Chart

Your Recent History

Delayed Upgrade Clock