Finance
Kingspan fights EU antitrust charges of providing misleading data at hearing
Published by Global Banking and Finance Review
Posted on December 2, 2025
1 min readLast updated: January 20, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on December 2, 2025
1 min readLast updated: January 20, 2026
Kingspan faces EU charges for misleading data in its Trimo bid. A hearing was held, and a decision is expected next year, potentially resulting in a fine.
By Foo Yun Chee
BRUSSELS, Dec 2 (Reuters) - Irish building materials maker Kingspan sought on Tuesday to counter EU charges of providing misleading information during its proposed bid for Slovenian rival Trimo at a closed-door hearing that could affect whether it gets a fine.
The hearing attended by senior competition officials and lawyers at the European Commission came more than a year after EU regulators accused Kingspan of intentionally or negligently submitting incorrect and misleading information on its internal organisation.
Kingspan, which has said it disagreed with the regulators' charges, could face a fine of up to 1% of its annual worldwide turnover if found guilty of breaching European Union merger rules.
EU regulators have in recent years taken a tough line against companies for similar offences and handed out hefty fines.
Kingspan subsequently dropped the Trimo deal because the deal was time bound. A source familiar with the matter, however, said an EU veto was imminent after the Irish company declined to offer remedies to address competition concerns.
The Commission is expected to decide on the case next year.
(Reporting by Foo Yun Chee; Editing by Emelia Sithole-Matarise)
Compliance refers to the process of adhering to laws, regulations, and guidelines relevant to a business's operations. It ensures that companies operate within legal frameworks and maintain ethical standards.
Merger regulations are laws and guidelines that govern the process of merging two or more companies. These regulations aim to prevent anti-competitive practices and ensure fair competition in the market.
The European Commission is the executive branch of the European Union responsible for proposing legislation, implementing decisions, and managing the day-to-day operations of the EU.
Corporate governance refers to the system of rules, practices, and processes by which a company is directed and controlled. It encompasses the relationships among stakeholders and the goals for which the corporation is governed.
Financial stability refers to a condition in which the financial system operates effectively, with institutions able to manage risks and absorb shocks without significant disruptions to the economy.
Explore more articles in the Finance category
