Tata Motors confirms acquisition of Iveco Group

Tata Motors has confirmed it will acquire Iveco Group, marking a major shake-up in the global commercial vehicle industry. The Indian automotive giant will launch an all-cash voluntary tender offer worth EUR 3.8 billion (USD 4.1 billion) for Iveco’s common shares, excluding its defence business, which is set to be sold or spun off by March 2026. The…

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