IN BRIEF: Kingspan gets clearance to buy Steico stake

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Kingspan Group PLC - Kingscourt, Ireland-based building materials’ supplier - Receives unconditional clearance to buy a majority stake in Steico SE from Schramek GmbH. Expects transaction to close in early January. In July, it announced it would buy 51% of the shares in Steico for €250 million.

Current stock price: €69.04, up 1.7% on Friday

12-month change: up 19%

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