Webuild launches offer for Trevi with 29.8% premium
Webuild launches offer for Trevi with 29.8% premium July 29 (Reuters) - Italian construction group Webuild WBD.MI launched a voluntary public tender offer for all Trevi shares on Wednesday, offering €4.50 per share in cash.
The offer covers up to 62.3 million shares, or about 95% of Trevi's share capital. Webuild said the offer price represents a 29.8% premium to Trevi's June 26 share price. The deal could generate annual EBITDA synergies of about 80 million-90 million euros, the group added.
(Reporting by Anna Peverieri in Barcelona; Editing by Shailesh Kuber)