Kingspan shares rise 3% as it tables bid offer in Nordic Waterproofing

The transaction will require merger approval from the EU Commission, according to the company

Kingspan CEO Gene Murtagh. Picture: Sam Boal/Rollingnews.ie

Kingspan shares rose 3% after the Irish insulation products firm formally tabled a bid offer in Nordic Waterproofing.

Kingspan has offered to purchase the shares it does not already own in the Sweden-headquartered firm for 2.6m Swedish crowns (€230m).