Vesuvius stock weighs a 551p takeover proposal

Published on 10/04/2026 at 20:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Vesuvius stock faces a non-binding offer after H1 trading profit held at GBP 74 million. The October 2 London quote was GBp 451.20, while five analysts set a Moderate Buy consensus at GBp 479.

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.

Vesuvius stock (ISIN GB00B82YXW83) was last quoted at GBp 451.20 on the London Stock Exchange on October 2, 2026, down 1.23 percent from the previous session. The central event is RHI Magnesita's non-binding proposal, which values each Vesuvius share at 551 pence, according to FT.com on September 29, 2026.

Offer terms set the valuation

The proposal combines 470 pence in cash with 0.28 new RHI Magnesita shares for every 10 Vesuvius shares. The implied value includes the interim dividend of 7.1 pence per Vesuvius share, while Vesuvius shareholders would receive 7.1 million new RHI shares and hold 13 percent of the enlarged RHI group if the transaction proceeds.

FT.com reports that RHI Magnesita must announce a firm intention to make an offer or withdraw by 5:00 p.m. London time on October 27, 2026. That date gives the takeover process a concrete checkpoint, while the proposal remains subject to financial and execution considerations.

Profit held at GBP 74 million

Vesuvius's first-half 2026 trading profit was GBP 74 million, unchanged from the comparable period, while free cash flow was GBP 27.5 million, according to 1 True Investing. The same report said full-year guidance was reduced to slightly ahead of 2025, leaving operating performance as a counterweight to takeover speculation.

Analysts see limited upside

MarketBeat assigns Vesuvius a Moderate Buy consensus based on five analysts, with three Buy ratings and two Hold ratings. Its average price target is GBp 479, with a high target of GBp 550 and a low target of GBp 400, according to MarketBeat.

Berenberg raised its target from GBp 450 to GBp 550 and kept a Buy rating in a report issued on September 30, 2026, as reported by MarketBeat. The target range from GBp 400 to GBp 550 shows how the takeover terms sit near the upper end of current analyst valuation work.

Vesuvius stock stays below the offer

Vesuvius stock was last quoted at GBp 451.20 on October 2, 2026, compared with the 551 pence proposal value. The quote stood within its 52-week range of GBp 350 to GBp 507.50, while market capitalization was GBP 1.1 billion and trading volume reached 1,062,628 shares.