On September 3, 2026, Italy’s securities regulator CONSOB approved the tender offer prospectus filed by Tata Motors of India for Iveco Group NV, and the tender period formally opened on September 7, 2026. The offer, at 14.10 euros per share in cash, values Iveco at approximately 3.82 billion euros. Iveco is controlled by Exor NV, the Agnelli family holding company chaired by John Elkann, which will exit its commercial vehicle stake as part of the transaction. The offer covers all outstanding Iveco shares not already committed to the transaction. Closing is subject to standard antitrust and regulatory conditions and is expected in the fourth quarter of 2026. No advisers were named in the accessed sources.
Sources:
Sahi. https://www.sahi.com/news/