Ireland's Kingspan slides after dropping ADVNSYS IPO plans

Kingspan

07/01/2026 08:50

** Shares of Kingspan Group KSP.I falls nearly 4% to 69.15 euros

** Building materials maker drops plans for an IPO of its data centre-focused ADVNSYS business

** Co estimates ADVNSYS core profit of about 300 mln euros ($350.49 mln) in 2026

** In 2025, KSP rose 5.2%

($1 = 0.8559 euros)

(Reporting by Atharva Singh in Bengaluru)

((Atharva.singh@thomsonreuters.com))