April 16, 2019 / 9:32 AM / 9 days ago

Ireland's Kingspan makes EUR 700 mln offer for Recticel units

April 16 (Reuters) - Irish insulation company Kingspan Group Plc on Tuesday offered to buy the insulation and flexible foams units of Belgium's Recticel for 700 million euros ($789.95 million).

The company said it has entered into an exclusive back-to-back agreement with a third party to sell off the flexible foams businesses if a deal with Recticel goes through. ($1 = 0.8861 euros) (Reporting by Shashwat Awasthi in Bengaluru; Editing by Bernard Orr)

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