Webuild

Webuild has announced a voluntary cash offer for 100% of Trevi Finanziaria’s ordinary shares at €4.50 per share, representing a 29.8% premium to the closing price on June 26 and valuing the company at around €295m. The cash offer, which includes a minimum acceptance threshold of 66.7%, competes with rival ICoP’s share-swap proposal that requires a 90% threshold and contemplates non-listed shares as consideration. Investors are speculating about a bidding contest, causing Trevi’s stock to trade at times above the offer price; major shareholders such as Cdp Eigenkapital and Polaris must now choose between the offers. » Więcej na de.investing.com

Webuild secured a €531m contract to build Lot 1 of the SS106 Jonica state road, linking the Coserie Viaduct to the West Corigliano interchange. The contract covers about 17 km of roadway including 15 viaducts, three overpasses and a 1.4 km twin-tube tunnel, and will engage up to 500 workers during construction. The award adds to Webuild’s portfolio of 20 projects in Southern Italy worth ~€16bn, supporting thousands of jobs and suppliers, and will use technologies to improve safety, reduce environmental impact and enable digital site management. Webuild’s total contribution to SS106 Jonica will reach ~55 km and the company also won the Paola-Cosenza railway doubling project on the Salerno–Reggio Calabria line. » Więcej na finance.yahoo.com

S&P Global Ratings raises Webuild’s rating from BB to BB+, citing improved credit metrics and solid operational performance. The agency expects EBITDA growth in 2025–2027 supported by an order backlog of €59bn, disciplined contract management and cost-efficiency programs. S&P forecasts adjusted EBITDA of €1.1–1.3bn for 2025–2026, rising EBITDA margins and an FFO/debt ratio to be maintained at least at 35–40%; FOCF is likely to remain negative in the short term. » Więcej na de.investing.com