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Kingspan fined €40 million by EU over misleading Slovenian deal data

Original: Kingspan hit with €40 million EU fine for misleading data on Slovenian deal

EU regulators have fined Irish building materials group Kingspan €40 million for providing misleading information in connection with its acquisition of a Slovenian business. The penalty relates to inaccurate data supplied during the merger review process. The case is drawing attention to how strictly the European Commission enforces disclosure rules on companies seeking merger clearance.

Why now: The European Commission's fine is fresh regulatory news with implications for merger disclosure enforcement.

KingspanEuropean CommissionSlovenia

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Evidence

• Kingspan hit with €40 million EU fine for misleading data on Slovenian deal · Reuters

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