[REVISION HISTORY]
Tata Motors acquisition of Iveco Group
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2026-09-05 09:16 UTC → 2026-09-06 01:38 UTC ·
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Tata Motors has initiated launched an all-cash voluntary tender offer to acquire 100% of the common shares of the Italian commercial vehicle manufacturer Iveco Group. The deal, executed Group, with the goal of delisting the company from Euronext Milan. Executed through TML CV Holdings B.V., values the offer is priced at €14.10 per share, valuing the company at approximately €3.82 billion ($4.4 billion) at a price of €14.10 per share. billion). Italy’s market regulator, Consob, has approved the offer document. The acceptance period is set scheduled to run from September 7 through October 26, 2026. Iveco’s Board of Directors has unanimously recommended that shareholders accept the terms. Exor N.V., the holding company for the Agnelli-Elkann family and the largest shareholder, has irrevocably committed to tendering its 27.06% stake, which accounts for roughly 27.06% will result in a payout of common shares. approximately €1.034 billion. The acquisition focuses on Iveco’s civil activities following a restructuring that separates its defense business. To maintain industrial continuity, continuity and address labor concerns, Tata Motors has pledged to avoid significant restructurings, plant closures, or workforce reductions for two years following the payment. The companies intend for the merger to create a global commercial vehicle leader leader, combining complementary product portfolios and geographic strengths, with expected annual revenues of approximately €21 billion. billion and sales exceeding 590,000 units.
Versions
- 2026-09-06 01:38 UTC Tata Motors acquisition of Iveco Group
- 2026-09-05 09:16 UTC Tata Motors acquisition of Iveco Group
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