Webuild Raises Trevi Stake to 34.58%, Triggering Mandatory Takeover Bid

Key Facts

Webuild increased its stake in Trevi to 34.58%, surpassing the critical one-third ownership threshold. Benzinga reported that exceeding this level has triggered a mandatory and unconditional public tender offer for all outstanding shares.

The transition to a mandatory bid occurs because the acquirer crossed the 33.3% regulatory threshold, requiring the offer to become unconditional. This development provides increased certainty for Trevi shareholders as the transaction is no longer subject to minimum acceptance conditions.