RHI Magnesita weighs a GBp 551.00 bid for Vesuvius stock

Published on 10/20/2026 at 13:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Vesuvius says the latest proposal includes 470p cash and 0.28 RHI shares per 10 shares. Vesuvius stock costs EUR 5.53 on October 20, 2026 during trading.

Offer terms and earnings context

RHI Magnesita's August 27, 2026 proposal values each Vesuvius share at GBp 551.00.
Vesuvius reported GBP 922.9 million in first-half 2026 revenue and GBP 16.9 million in net income.
Vesuvius stock traded at EUR 5.53 at 1:11 p.m. CEST at Lang & Schwarz on October 20, 2026.

Fotorealistische Stahlwerkhalle mit glühender Gießpfanne und feuerfesten Keramikbauteilen — Vesuvius plc zeigt feuerfeste Keramikproduktion in einer Stahlwerk Anlage nahe Giesspfanne ISIN GB00B82YXW83, Illustration mit AI erstellt.

Vesuvius (ISIN GB00B82YXW83) is weighing a GBp 551.00 takeover proposal from RHI Magnesita, while the stock traded at EUR 5.53 at Lang & Schwarz on October 20, 2026. Investegate reported that Vesuvius disclosed the latest proposal on September 29, 2026.

What does the proposal include?

The offer received on August 27, 2026 comprises GBp 470.00 in cash for each ordinary share and 0.28 new RHI shares for every 10 Vesuvius shares. Based on RHI's one-month volume-weighted average price, the terms value each Vesuvius share at GBp 551.00. The package also preserves Vesuvius's interim dividend of GBp 7.10 per share, according to Investegate.

Three offer steps changed the terms

The takeover chronology shows how the proposal evolved. On March 17, 2026, RHI submitted an all-cash proposal worth GBp 550.00 per share. On June 23, 2026, it offered GBp 454.00 in cash plus GBp 96.00 in RHI shares, also totaling GBp 550.00. On August 27, 2026, the latest structure raised the headline value to GBp 551.00 while adding a 0.28-for-10 share component. Vesuvius's board rejected the June proposal on June 29, 2026, according to Investegate.

What does the earnings record show?

The deal discussion comes against a weaker profit profile in the latest reported period. Vesuvius generated GBP 922.9 million of revenue in the first half of 2026, up from GBP 907.5 million in the first half of 2025, while net income fell to GBP 16.9 million from GBP 30.9 million. The resulting margin was 1.8 percent versus 3.4 percent a year earlier, figures reported by Business Insider.

October 27 is the next deadline

RHI must announce a firm intention to make an offer by 5:00 p.m. London time on October 27, 2026, or state that it will not proceed. The board is evaluating financial terms and execution risks, and the proposal remains non-binding. That deadline gives the takeover story a clear near-term decision point.

Vesuvius stock during trading

The London-listed stock's current euro indication places the market conversation alongside the GBp 551.00 proposal value, but the offer still depends on a formal announcement and final terms. Vesuvius operates through Steel and Foundry divisions, supplying refractory and flow-control products to metal producers.

Vesuvius stock was trading at EUR 5.53 at Lang & Schwarz on October 20, 2026 at 1:11 p.m. CEST.

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