MILAN (ITALPRESS) – Webuild has acquired an additional 4.68% of Trevi and rises to 34,58% of the capital, exceeding a third of the title and consolidating the role of first shareholder. Beyond the threshold of 30%, the public offer of purchase in progress, aimed at actions not yet held by the group, becomes mandatory by law and is no longer subject to any conditions of effectiveness, including the minimum threshold of accession. The fee remains fixed at 5,165 euro per share, entirely in cash.
Webuild today, through its financial advisor Intermonte SIM, 3.068.084 shares at 5,165 euros each. The participation thus rises to 22,675,764 shares, equal to approximately 34,58% of the capital and voting rights.
Overcoming 30% triggers the obligation provided for in Article 106 of the Single Text of Finance, which imposes an offer on all shares at a price at least equal to the highest paid by the tenderer in the previous six months. Since the offer already in progress is aimed at all actions not owned by Webuild and the consideration coincides with the price required by the norm, it is not necessary to start a new procedure: the Opa in progress assumes a mandatory character.
With the failing of the conditions of effectiveness, for the shareholders of Trevi there are certainty of price, payment and times: the membership is no longer subordinate to the attainment of a minimum threshold. The offer covers up to 42,902.452 shares, equal to 65,42% of the capital, for a maximum of 221,6 million euros. The financial cover is provided by the existing financing and by the guarantee of exact fulfilment issued by the financing banks. The membership cards already signed remain valid; those who have not yet joined may use a new tab.
The price of 5,165 euros, which falls within the range of values identified by the Board of Directors of Trevi, incorporates a prize of 49.0% regarding the weighted average of 26 June 2026, pairs to 3,467 euros; of 23.0% regarding the weighted average of 4,200 euros of 29 July, day of the announcement of the operation; and of 16.4% regarding the weighted average of the twelve months preceding 26 June, 439 euros.
The accession period will close at 17:30 on 20 November. Payment is scheduled for 27 November.
– Photo press office Webuild –
(ITALPRESS).
