Webuild Clears Trevi Offer Hurdle
Webuild announced it has satisfied Italy golden power conditions for its tender offer to acquire rival Trevi Finanziaria. The Italian government confirmed it will not exercise special powers or impose limitations on the takeover bid.
Insights:
Webuild cleared Italy's regulatory hurdle on Wednesday afternoon for its tender offer to acquire rival Trevi Finanziaria. The government informed Webuild during the afternoon that it will not exercise special national security powers. The ruling removes the final regulatory barrier for the takeover bid in the domestic construction sector.
