M&A Activity • Sep 13, 2023
M&A Activity
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Nordic Waterproofing Holding AB's ("Nordic Waterproofing") main owner Kingspan Holdings (IRL) Limited ("Kingspan") has today announced that Kingspan has acquired shares in Nordic Waterproofing resulting in that Kingspan thereafter owns shares which in the aggregate correspond to 30.9 per cent of the shares and votes in Nordic Waterproofing. Thereby, the threshold for a mandatory offer in accordance with the Swedish Takeover Act has been exceeded. According to the press release, Kingspan intends to launch a mandatory offer for the remaining shares in Nordic Waterproofing within four weeks from today at a price of SEK 160 per share, which corresponds to the price that Kingspan has paid in the acquisition triggering the mandatory offer. For further information, please refer to Kingspan's press release, https://otp.tools.investis.com/clients/uk /kingspan1/rns/regulatory-story.aspx?cid=166&newsid=1715147
Palle Schrewelius, CFO and Investor Relations Telephone: +46 707 82 79 58 E-mail: [email protected]
Nordic Waterproofing is one of the leading providers in the waterproofing market in northern Europe. The Company provides high-quality products and solutions for waterproofing in Sweden, Finland, Denmark, Norway, Belgium, the Netherlands, Poland, the United Kingdom and Germany. Nordic Waterproofing also provides installation services through wholly-owned subsidiaries or part-owned companies in Sweden, Finland, Denmark and Norway. The Company markets its products and solutions under several brands, all with an extensive heritage, most of which are among the most established and well-recognized brands in their respective markets, such as Mataki, Trebolit, Phønix Tag Materialer, Kerabit, Byggpartner, SealEco, Distri Pond, Taasinge Elementer, RVT, Urban Green and Veg Tech. Nordic Waterproofing Holding AB is listed in the Mid Cap segment on Nasdaq Stockholm with the stock ticker NWG.
Additional information about Nordic Waterproofing is available at www.nordicwaterproofing.com
PRESS RELEASE 13 September 2023 22:07:00 CEST
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