Trevi: Board of Directors on Icop’s public offer: “unsolicited and not agreed upon”

(Il Sole 24 Ore Radiocor) - The board of directors of Trevi Finanziaria has commenced the necessary procedures regarding the voluntary public exchange offer launched by the Friuli-based company Icop for all the shares, following the announcement issued by Icop on 28 June. The board’s position – set out in an official statement – is clear: the offer “was in no way solicited, nor was it discussed or agreed in advance” with Icop.

Trevifin also states that it “will formally express its position in accordance with the timetable and procedures laid down by law”, but the board has already unanimously noted that the transaction “does not reflect the value creation strategy undertaken nor the Company’s future prospects, as outlined in the 2026–2029 Business Plan”. Trevi operates – just like Icop – in the field of underground engineering.

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