Webuild purchases 13.916% of Trevi and raises the takeover bid price
Agreement for the purchase of over 9 million shares at 5.165 euros each
Quick Look
- Webuild has reached an agreement to purchase 13.916% of Trevi from Praude Asset Management and Veniero Holdings at 5.165 euros per share.
- With this operation and the subsequent adjustment of the tender offer price, the stake rises to 18.91%.
AI-generated summary
Why It Matters
Webuild has launched a public purchase offer on Treni-Finanziaria and related investments in Trevi.
Webuild, in the context of the public purchase offer on Treni-Finanziaria, announced that it has reached an agreement for the purchase from Praude Asset Management Limited, in its capacity as investment manager and in the name and on behalf of Hermes Linder Fund Sicav (on behalf of the Hermes Linder Fund sub-fund), Praude Funds Icav (on behalf of the Praude Total Return Fund and Praude Micro and Small Cap Fund sub-funds) and Veniero Holdings Limited, of a total of 9,125,702 ordinary shares of Trevi, equal to 13.916% of the capital, at a unit price of 5.165 euros per share and for a total value of 47,134,250.83 euros, through Intermonte Sim.
The transaction is expected to be settled on 7 October 2026. Following the transaction, Webuild will own a total of 12,403,382 Trevi ordinary shares, equal to approximately 18.91% of the share capital and voting rights. Since the purchase was made at a price higher than the consideration for the tender offer, all those accepting the Offer, including those who had already tendered, will be paid a consideration equal to 5.165 euros per share.
What to Watch
AI outlook — possibilities, not facts
Regulation of the share purchase operation
Very likely · Within days
Open Questions
- What will be the final acceptance of the takeover bid?
