Kingspan makes €230m offer to acquire remaining 70% stake in Swedish waterproofing firm

The Cavan-based insulation already owns a 30.9 per cent stake in Nordic Waterproofing, a listed Swedish company

Kingspan chief executive Gene Murtagh

Kingspan, the insulation and materials giant, has made a €230 million offer to acquire the remaining 70 per cent stake in Nordic Waterproofing, a Swedish manufacturer of waterproofing materials for buildings and infrastructure.

In a stock exchange announcement, the Cavan-based company said it had made an offer of €13.85 per share for the remaining 16.6 million shares in Nordic Waterproofing, which is a near 14 per cent premium on the Swedish group’s share price a ...