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2 clusters · 4 sources · 12 days · First seen · Last updated

Restructuring of Iveco Group assets

Overview

The restructuring of the Iveco Group involves two major transactions between European and Indian entities.

Leonardo has completed the acquisition of Iveco’s military division, including the IDV and Astra brands, for €1.7 billion. This move is intended to create a large-scale European producer of military land vehicles by leveraging dual-use technologies at the Piacenza plant.

Concurrently, Tata Motors has increased its voluntary takeover bid for the remaining Iveco Group. The Indian company raised its offer to 14.40 euros per share, bringing the total maximum deal value to approximately €3.91 billion. Tata Motors intends to acquire 100% of the capital and delist the company from the Borsa Italiana, following the separation of the defense assets to Leonardo.

Entities

Iveco Group · Leonardo · Tata Group · Borsa Italiana · Lavanya Kumar

Timeline

  1. [BUSINESS] 2 sources
    Tata Motors raises Iveco Group takeover bid to 3.9 billion euros

    Tata Motors has raised its takeover bid for Iveco Group to 14.40 euros per share, increasing the total offer value to 3.91 billion euros to secure full control of the Italian vehicle manufacturer.

  2. [BUSINESS] 2 sources
    Leonardo acquires Iveco military division for €1.7 billion

    Leonardo has acquired Iveco’s military division (IDV and Astra) for €1.7 billion to create a European leader in military land vehicles, amid strengthening India-Italy economic ties.

Sources

askanews.it · bresciaanticapitalista.com · quibrescia.it · radiostudio90italia.it