RHI Magnesita proposes GBp 551.00 for Vesuvius stock

Published on 10/02/2026 at 13:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Offer includes GBp 470.00 cash and 0.28 new RHI shares. Vesuvius stock costs EUR 5.45 on October 2, 2026 after EUR 5.48, minus 0.55 percent.

Isometrische 3D-Darstellung der Prozesskette von Schmelzofen bis zur Gussform — Vesuvius plc Stahlproduktion als isometrische 3D Darstellung der Wertschoepfungskette vom Ofen zur Gussform ISIN GB00B82YXW83, Illustration mit AI erstellt.

RHI Magnesita has proposed a cash-and-share package valued at GBp 551.00 per Vesuvius share, putting Vesuvius stock at the center of a possible takeover. According to TradingView on September 29, 2026, the proposal comprises GBp 470.00 in cash and 0.28 new RHI shares for every 10 Vesuvius shares.

Takeover terms set a clear value

The latest proposal followed several earlier approaches from RHI Magnesita and includes approximately 7.1 million new RHI shares for Vesuvius holders. The package would leave those holders with approximately 13.00 percent of the enlarged RHI share capital if the transaction proceeds.

Reuters reported on September 29, 2026, that the GBp 551.00 proposal represented a 47.00 percent premium to Vesuvius's closing price on September 28, 2026. That premium is the key valuation reference, because the package remains subject to negotiations and is not yet a firm offer.

October 27 is the takeover deadline

Under the UK Takeover Code, RHI Magnesita must announce a firm intention to make an offer or state that it will not proceed by 5:00 p.m. London time on October 27, 2026. The Vesuvius board is evaluating the financial terms and execution risk with its advisers, while the announcement states that there can be no certainty of a formal offer.

The proposal also preserves Vesuvius's interim dividend of GBp 7.10 per share, payable on October 8, 2026. The dividend is separate from the headline value and gives shareholders a defined near-term cash payment while the takeover process develops.

Stock remains below the proposal value

Vesuvius stock was trading at EUR 5.45 at Lang & Schwarz on October 2, 2026 at 1:05 p.m. CEST, down 0.55 percent versus the EUR 5.48 prior close at Lang & Schwarz. The primary London Stock Exchange quote was GBp 459.40 at 12:09 p.m. BST on October 2, 2026, with a 52-week range of GBp 350.00 to GBp 507.50 and market capitalization of GBP 1.1 billion.

The further course of trading is shown by the continuously updated real-time quote of Vesuvius stock.