Kingspan Group plc cancelled the agreement to acquire Trimo d.d. from Innova Capital Sp. z o.o.
Kingspan Group plc (ISE:KRX) signed a definitive agreement to acquire Trimo d.d. from Innova Capital Sp. z o.o. on August 20, 2020. Trimo d.d. reported revenue of just over 100 million. The transaction is subject to regulatory and antitrust approval. The Commission now has 90working days, until 20 August 2021, to take a decision. The proposed transaction was referred to the Commission on 23 October 2020 and notified on 3 March 2021.The transaction is expected to close during the fourth quarter of 2020. Alantra, LLC acted as a lead m&a financial advisor, PwC Advisory spólka z ograniczona odpowiedzialnoscia sp.k. acted as a financial advisor, PricewaterhouseCoopers Sp. z o.o acted as an accountant, Rymarz Zdort acted a lead legal advisor, Jadek & Pensa and Prica & Partners acted a legal advisor to Innova Capital.
Kingspan Group plc (ISE:KRX) cancelled the agreement to acquire Trimo d.d. from Innova Capital Sp. z o.o. on January 26, 2020