Uppdrag | 06 Feb 2024
Setterwalls advises Nordic Waterproofing in connection with the public takeover bid from Kingspan
On 10 October 2023, Kingspan Holdings (IRL) Limited (“Kingspan”) announced a mandatory offer to the shareholders of Nordic Waterproofing Holding AB (publ) (“Nordic Waterproofing” and the “Offer” respectively). The Offer values all shares in Nordic Waterproofing at approximately SEK 3.8 billion. Setterwalls advises Nordic Waterproofing in connection with the public takeover bid.
On 10 October 2023, Kingspan submitted a mandatory cash-based public offer to the shareholders in Nordic Waterproofing to transfer all of their shares in Nordic Waterproofing to Kingspan for SEK 160 in cash per share. The Offer values all shares in Nordic Waterproofing at approximately SEK 3,839 million. On 6 February 2024, the board in Nordic Waterproofing unanimously recommended Nordic Waterproofing’s shareholders not to accept the Offer. Setterwalls advises Nordic Waterproofing in connection with the public takeover bid.
Nordic Waterproofing is one of the leading providers in the waterproofing market in northern Europe. Nordic Waterproofing is listed in the Mid Cap segment on Nasdaq Stockholm with the stock ticker NWG.
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