Tata Motors' Iveco Takeover Offer Gets Consob Nod; Acceptance Period Opens Sep 7
The offer covers all common shares at €14.10 each and could reopen for five trading days in early November if legal conditions are met.
- Italy's market regulator Consob approved Tata Motors' offer document on Thursday, clearing the way for the voluntary tender offer to acquire all Iveco Group common shares to open on September 7, 2026.
- Tata Motors initiated this €3.8 billion acquisition in July 2025, offering Euro 14.10 per common share and targeting 80% ownership to achieve full control of Iveco Group through a pre-agreed transaction.
- Shareholders who tender their shares by October 26 will receive payment on October 30, 2026; if legal conditions are met, the acceptance period may reopen for five trading days in early November with payment on November 13, 2026.
- Upon successful completion, Iveco Group will maintain its headquarters in Turin, Italy, while two independent members of the Iveco Board will monitor compliance with the Non-Financial Covenants.
- Tata Motors intends to delist Iveco Group from Euronext Milan following the transaction, positioning the combined entities to generate revenue across Europe, India, and the Americas while accessing markets in Asia and Africa.
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Tata Motors Launches Recommended All-Cash Voluntary Totalitarian Tender Offer For Iveco Group ...
NOT FOR RELEASE, DISSEMINATION, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION
St Catharines Standard
Tata Motors Launches Recommended All-Cash Voluntary Totalitarian Tender Offer For Iveco Group Common Shares
NOT FOR RELEASE, DISSEMINATION, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION
The Economic Times
Times of IndiaTata Motors' Iveco takeover offer gets Consob nod; acceptance period opens Sep 7
Italian market regulator Consob approved Tata Motors' offer document for Iveco Group shares. Shareholders can accept the offer from September 7 until October 26. Tata Motors will pay Euro 14.10 per common share, including dividends. Payments to tendering shareholders are scheduled for October 30, 2026. The offer will be extended to shareholders in the United States.
Consob has given the green light to the public offer of voluntary totalitarian purchase on the ordinary shares of Iveco Group from Tata Motors. The offer, promoted by TML CV Holdings, will start on September 7 and will end on October 26. (ANSA)
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