By Ian Walker

The U.K. Competition and Markets Authority said Wednesday that it has started a review into Kingspan Group PLC's acquisition of Building Solutions (National) Ltd. from SIG PLC.

The regulator said that it will investigate whether the deal will lead to a lessening of competition within any market for goods or services in the U.K.

It has until April 7 to decide whether to refer the deal for a further investigation.

Kingspan announced last October that its panels division was buying Building Solutions from SIG for 37.5 million pounds ($48.5 million).

Write to Ian Walker at ian.walkre@wsj.com

(END) Dow Jones Newswires

February 12, 2020 02:47 ET (07:47 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
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