UK CMA Starts Review Into Kingspan's Acquisition of SIG Unit
February 12 2020 - 3:02AM
Dow Jones News
By Ian Walker
The U.K. Competition and Markets Authority said Wednesday that
it has started a review into Kingspan Group PLC's acquisition of
Building Solutions (National) Ltd. from SIG PLC.
The regulator said that it will investigate whether the deal
will lead to a lessening of competition within any market for goods
or services in the U.K.
It has until April 7 to decide whether to refer the deal for a
further investigation.
Kingspan announced last October that its panels division was
buying Building Solutions from SIG for 37.5 million pounds ($48.5
million).
Write to Ian Walker at ian.walkre@wsj.com
(END) Dow Jones Newswires
February 12, 2020 02:47 ET (07:47 GMT)
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