Trevi opens the door to Webuild following the relaunch at €5.165

The deal for Trevi is practically a done deal. After Webuild increased its stake to 28 per cent and raised the price of its takeover bid, the target company’s board of directors has made an initial gesture of openness: Trevi’s board of directors has assessed the voluntary full takeover bid launched by Webuild, following the amendment to the threshold condition and the increase in the offer price, and, for the first time, it has not rejected the bid.

The statement is clear: “The new price of 5.165 euros per share falls within the range identified by the board of directors in Webuild’s press release, situated at the lower end of that range,” Trevi emphasises in a statement. The company announces that “on 7 October 2026, it submitted to the lending banks, via the agent bank, a request to waive the exercise of the remedies provided for in the loan agreement in relation to the change-of-control clause, following the purchases of Trevi shares made by Webuild, as a result of which CDP Equity has ceased to be the shareholder holding the largest stake in the company’s share capital’

Meanwhile, Webuild is increasing its stake. As part of the voluntary public takeover bid for the shares of Trevi-Finanziaria Industriale, Webuild has, through Intermonte Sim, purchased further shares in the company, which operates in the field of groundworks engineering. The purchases were made at a price per share not exceeding €5.165. Following these purchases, Webuild now holds a total of 18,271,008 ordinary Trevi shares, representing approximately 27.86 per cent of the share capital and voting rights.