{"id":49777,"date":"2026-10-11T00:23:00","date_gmt":"2026-10-11T04:23:00","guid":{"rendered":"https:\/\/sharewatch.com\/wp\/2026\/10\/11\/kingspan-to-appeal-eus-e40m-fine-for-dropped-trimo-deal\/"},"modified":"2026-10-11T00:23:00","modified_gmt":"2026-10-11T04:23:00","slug":"kingspan-to-appeal-eus-e40m-fine-for-dropped-trimo-deal","status":"publish","type":"post","link":"https:\/\/sharewatch.com\/wp\/2026\/10\/11\/kingspan-to-appeal-eus-e40m-fine-for-dropped-trimo-deal\/","title":{"rendered":"Kingspan to appeal EU’s \u20ac40m fine for dropped Trimo deal"},"content":{"rendered":"
\n

Building materials maker Kingspan has been fined \u20ac40m for providing incorrect and misleading information during an investigation into its abandoned acquisition of a Slovenian rival, EU antitrust regulators said today.<\/p>\n

The company said it would appeal the fine.<\/p>\n

The sanction followed a four-year long investigation by the European Commission, which is the EU competition enforcer, and underscores its tough policy against such infringements of EU merger rules.<\/p>\n

In a short statement, Kingspan said it noted the Commission’s decision regarding an acquisition it ultimately decided not to pursue.<\/p>\n

“We look forward to appealing the decision in full,” it added.<\/p>\n

“When companies withhold or distort the truth, they undermine a system that protects fair competition for everyone. There can be no compromise on disclosure and transparency. If they fail to do so, we do and will act firmly,” EU antitrust chief Teresa Ribera said in a statement.<\/p>\n

Kingspan announced its plan to acquire Trimo in 2021 but scrapped the deal in April 2022 after the EU antitrust watchdog warned that the acquisition could jack up prices and reduce quality.<\/p>\n

The Commission subsequently opened an investigation in November 2022 to examine whether Kingspan had provided incorrect and misleading information.<\/p>\n

Its decision today said the company provided misleading information about how it tracks penetration rates for mineral fibre sandwich panels and the availability of bidding data as well as incorrect information about board members’ involvement in certain matters.<\/p>\n

Such breaches can cost companies fines up to 1% of their total global turnover.<\/p>\n

Kingspan shares were lower in Dublin trade today.<\/p>\n<\/section>\n","protected":false},"excerpt":{"rendered":"

Building materials maker Kingspan has been fined \u20ac40m for providing incorrect and misleading information during an investigation into its abandoned acquisition of a Slovenian rival, EU antitrust regulators said today. The company said it would appeal the fine. The sanction followed a four-year long investigation by the European Commission, which is the EU competition enforcer, […]<\/p>\n","protected":false},"author":1,"featured_media":49778,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[19,20],"tags":[],"class_list":["post-49777","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-news","entry","has-media"],"_links":{"self":[{"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/posts\/49777","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/comments?post=49777"}],"version-history":[{"count":0,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/posts\/49777\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/media\/49778"}],"wp:attachment":[{"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/media?parent=49777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/categories?post=49777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/tags?post=49777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}