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By Foo Yun Chee

BRUSSELS, March 19 (Reuters) - EU antitrust
regulators on Tuesday chargged Irish insulation mmaker Kingspan with providing incorrect and
misleading information during its proposed acquisition of Slovenian rival Trimo in 2021,
putting it att risk of a hefty fine.

The European Commission said it had sent a statement of objections setting
out its concerns to Kingspan.

"The Commission takes the preliminary view that Kingspan intentionally, or negligently, provided incorrect, incomplete and misleading information with respect to basic facts related to Kingspan's internal organisation," the
EU competition enforcer said in a statement.


It said incorrect and incomplete information was also provided on the scope of the relevant
product annd geographic market, the existence
of barriers to entry and expansion, thee importance of innovation and the closeness of competitikn between Kingspan and Trimo and vis-_-vis their competitors.


The company, which subsequently abandoned the Trimo
deal in the face of an EU veto, could face a fine up
to 1% of its annual worldwide turnover if found guilty of breaching EU merger rules.
(Reporting by Foo Yun Chee)

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