JPM | Building Broadcast: BKG, HWDN, HOLN, DG, FRA, GET, TW: JPMC Construction Daily

Research evidence excerpt

JPM | Building Broadcast: BKG, HWDN, HOLN, DG, FRA, GET, TW: JPMC Construction Daily

J P M O R G A N Europe Equity Research

24 June 2026

JPM | Building Broadcast: BKG,

HWDN, HOLN, DG, FRA, GET, TW

JPMC Construction Daily

Building Materials European Building & Construction

and Infrastructure

• Howden Joinery Group Plc: Completes acquisition of DIY Kitchens. Elodie Rall AC

Further to the announcement made on 22 June 2026, Howdens announced that (44-20) 7134-5911

elodie.rall@jpmorgan.com

the new ordinary shares issued to the seller in connection with the acquisition J.P. Morgan Securities plc

were admitted to trading on the main market for listed securities of London

Zaim Beekawa

Stock Exchange plc, with effect from 8.00 a.m. (London time) yesterday (23 (44-20) 7134-4175

June). Following admission, all conditions have been satisfied and Howdens zaim.beekawa@jpmorgan.com

confirmed the completion of the acquisition yesterday. Link to the release. J.P. Morgan Securities plc

• Worley secures services contract for Holcim’s carbon capture projects in Jamie Smallbone

the UK and EU. Global Cement reports (link) that Australia-based (44-20) 3493-7015

jamie.smallbone@jpmorgan.com

engineering firm Worley has signed a non-exclusive owner's engineering J.P. Morgan Securities plc

master services agreement (MSA) with Holcim to support carbon capture, Manshi Sinha

utilisation and storage (CCUS) projects across the producer's EU and UK (91-22) 6157 5111

cement plants. The MSA covers 14 projects, eight of which currently have manshi.sinha@jpmchase.com

backing from the EU Innovation Fund. Worley will provide engineering J.P. Morgan India Private Limited

oversight, project management and engineering integration across multiple

sites, from early-stage development through execution.