Tata Motors launches tender supply for Iveco Group; deal values firm at €3.82 billion
Tata Motors CV and Iveco Group collectively introduced the supply’s graduation by TML CV Holdings B.V. in an trade submitting on Saturday, September 5. The supply values Iveco at roughly €3.82 billion and is aimed toward buying 100% of the corporate’s frequent shares and delisting it from Euronext Milan.
To fund the transaction, Tata Motors CV signed a debt dedication letter with Morgan Stanley Financial institution, N.A., Morgan Stanley Senior Funding, Inc. and MUFG Financial institution, Ltd. for absolutely dedicated bridge financing.
Exor, the Agnelli family-owned funding firm and Iveco’s largest shareholder, has additionally irrevocably dedicated to assist the transaction. Exor has tendered its 27% stake in Iveco’s frequent shares, representing 43.19% of the corporate’s voting rights.
The transaction has additionally acquired the total and unanimous assist and advice of Iveco’s board.
The tender supply will open on Monday, September 7, whereas Iveco shareholders are scheduled to vote on the matter in October. The proposed transaction is meant to outcome within the acquisition of all frequent shares of Iveco and the next delisting of the corporate from Euronext Milan.
What did Tata Motors administration say?
Girish Wagh, Managing Director and CEO of Tata Motors, mentioned the graduation of the tender supply marked an necessary milestone in bringing collectively two complementary organisations. He mentioned the mix of their capabilities and market presence may assist construct a stronger and extra globally aggressive industrial automobile enterprise, whereas supporting investments in future applied sciences and creating sustainable worth for stakeholders.Wagh additionally mentioned Tata Motors had immense respect for Iveco’s heritage, individuals and types, and seemed ahead to supporting the corporate’s continued progress. He added that Tata Motors believed the tender supply offered a compelling worth proposition for Iveco shareholders and was trying ahead to its profitable completion.
Tata Motors August gross sales
The transfer comes after Tata Motors reported a robust rise in industrial automobile gross sales in August. In its month-to-month auto gross sales report, the corporate mentioned whole CV gross sales throughout home and worldwide markets rose 49% year-on-year to 44,411 items in August 2026, in contrast with 29,863 items in August 2025.
Tata Motors’ worldwide industrial automobile enterprise recorded a good sharper improve through the month, with gross sales leaping 227% year-on-year to 7,792 items from 2,382 items a yr earlier. This was the best progress among the many reported CV classes in share phrases.
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