Vesuvius weighs 551p offer as Vesuvius stock trades at EUR 5.43

Published on 10/22/2026 at 14:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

RHI's latest proposal values Vesuvius at GBp 551.00. Vesuvius stock costs EUR 5.43 on October 22, 2026 before the October 27 deadline.

Offer terms and operating context

RHI Magnesita's proposal valued Vesuvius at GBp 551.00 on August 27, 2026.
Vesuvius reported GBP 74 million of trading profit for the first half of 2026.
Vesuvius stock trades at EUR 5.43 at 2:48 p.m. CEST at Lang & Schwarz on October 22, 2026.
RHI Magnesita faces an October 27, 2026 deadline under UK takeover rules.

Schwarz-Weiß-Reportage einer Stahlgießerei mit Arbeitern an einer Gießpfanne — Vesuvius plc Stahlgiesserei als dokumentarische Schwarz Weiss Reportage einer Giesspfanne ISIN GB00B82YXW83, Illustration mit AI erstellt.

Vesuvius (ISIN GB00B82YXW83) is weighing a 551-pence proposal from RHI Magnesita while its stock trades at EUR 5.43 at Lang & Schwarz on October 22, 2026 at 2:48 p.m. CEST. The offer consists of 470 pence in cash and 0.28 new RHI shares for every 10 Vesuvius shares, according to Foundry Planet on September 29, 2026.

Three offer steps changed the terms

On September 29, 2025, RHI Magnesita made a first unsolicited cash proposal worth 448 pence per Vesuvius share. On March 17, 2026, its all-cash offer reached 550 pence. On August 27, 2026, the latest proposal valued Vesuvius at 551 pence, based on RHI's one-month volume-weighted average price, and would give Vesuvius holders about 13 percent of the enlarged RHI.

What does 551 pence mean?

The headline value is not a pure cash offer. Vesuvius holders would receive 470 pence in cash plus RHI shares, so the final value depends partly on RHI's share price. Sharecast reported on October 21, 2026 that the board was still evaluating the proposal and that RHI must announce a firm offer or walk away by October 27, 2026.

The operating backdrop adds a second valuation test. In the first half of 2026, Vesuvius recorded GBP 74 million of trading profit, revenue increased 1.5 percent on a constant-currency basis and free cash flow reached GBP 27.5 million, according to the Yahoo Finance transcript of the July 30, 2026 results call. Management also raised full-year 2026 capital expenditure guidance to GBP 75 million-GBP 80 million.

Deadline sets the next decision date

The next substantiated event is the October 27, 2026 takeover deadline. The board's decision will determine whether the 551-pence proposal advances into a formal offer or returns to preliminary discussions.

Stock price and offer value diverge

Vesuvius is listed on the London Stock Exchange under ticker VSVS, with a primary-market range of GBp 356.00 to GBp 507.50 as of October 22, 2026. Its market capitalization was GBP 1.1 billion on that date. The current euro quotation reflects German trading conditions, while the offer remains denominated in pence and RHI shares.

The latest intraday quotation was EUR 5.43 at Lang & Schwarz on October 22, 2026 at 2:48 p.m. CEST.

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