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Kingspan poised to acquire 51.0% stake in Steico from Schramek by the start of 2024

Purchase price set at €251.4m but may yet double

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Published in issue 30/2023
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Schramek GmbH plans to sell 51.0% of its shares in the insulating board and LVL manufacturer Steico SE (Feldkirchen, Germany) to the Kingspan Group plc (Kingscourt, Ireland) and Kingspan Holding GmbH (Wesel, Germany). Schramek is led by Chairman of the Management and Administrative Board Udo Schramek and is Steico’s...

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