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Tata Motors makes offer to acquire Iveco Group, defense unit to be sold

Published 31/07/2025, 10:50
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Investing.com -- Tata Motors (NYSE:TTM) has made an offer to acquire 100% of Iveco Group’s common shares, with plans to delist the company from Euronext (EPA:ENX) Milan following the acquisition.

The offer is conditional on the separation of Iveco’s defense business, which will be sold separately to Leonardo SpA at an enterprise value of €1.7 billion.

Exor (AS:EXOR) N.V., which is Iveco Group’s largest shareholder with 27% of the group’s shares and 43.1% of voting rights, has committed to support the offer. Iveco’s Board of Directors has also pledged its support for the acquisition.

Iveco Group, which operates both truck and defense businesses, will undergo this significant ownership change if the deal proceeds as planned.

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