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Webuild Makes EUR295 Million Competing Play for Trevi - Finanziaria Industriale

MT Newswires·07/30/2026 00:44:09
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12:44 AM EDT, 07/30/2026 (MT Newswires) -- Webuild (WBD.MI) said Wednesday its board approved the plan to launch a competing takeover proposal of 295 million euros for underground engineering company Trevi - Finanziaria Industriale (TFIN.MI). Subject to certain conditions, the all-cash offer of 4.50 euros per share will compete against underground engineering company Icop's (ICOP.MI) proposal of 4.163 euros per share, which includes an equity portion of 0.133 new share. The Italian industrial and civil engineering group expects to complete its offer for Trevi in the second half of 2026, subject to conditions including the acquisition of at least a 66.7% stake in the target's voting rights and the approval of relevant regulators.