Ireland-based Kingspan Group
on Tuesday announced a mandatory cash offer of 2.66 billion
Swedish crowns for the shares it does not
already own in Nordic Waterproofing. Kingspan.
Romania s TeraPlast Group eyes 57% increase in EBITDA in 2021 Teraplast Group
BUCHAREST (Romania) February 18 (SeeNews) - Romanian construction materials manufacturer TeraPlast Group targets a 57% annual increase in earnings before interest, taxes, depreciation and amortisation (EBITDA) to 89.7 million lei ($22 million/18 million) this year, the group s flagship company TeraPlast [BSE:TRP] said.
TeraPlast Group also expects a 65% annual jump in turnover for 2021, to 636.2 million lei, TeraPlast said in a statement filed with the Bucharest Stock Exchange on Wednesday.
The forecasts are based on results from which the group excluded the 2020 figures of its steel division and window profile business, which it is close to selling.
Romania s TeraPlast gets EC approval to sell two steel cos to Kingspan Group Teraplast Group
BUCHAREST (Romania) January 13 (SeeNews) - Romanian plastic construction products manufacturer TeraPlast Group said on Wednesday that it received clearance from the European Commission (EC) to sell two of its steel companies to Ireland-based Kingspan Group.
The Commission s Competition Authority approved the sale of TeraSteel SA and Wetterbest to Kingspan Group on January 12, TeraPlast Group said in a statement filed with the Bucharest Stock Exchange, BVB.
The deal for the third company in the steel division, TeraSteel Serbia, is pending approval from the Serbian Commission for the Protection of Competition. The group estimates to receive it in mid-February. After receiving the approval from the Serbian authorities, the transaction’s initial consideration shall be determined and paid.