Kronospan notifies anti-trust authority of planned stake

The Kronospan Group has informed the German Federal Cartel Office of plans to raise its stake in Surteco Group to 26.22% and is seeking approval of this transaction (case reference: B5-43/21). This move comes after Kronospan completed its purchase of additional shares at the end of January. The reason for this filing is that it has exceeded the 25% threshold. These shares are held both via ECCM Bank and by Banasino Investments.