Italy approves with conditions Iveco sale to Tata Motors, document shows
07/11/2025 14:24
ROME, Nov 7 (Reuters) - The Italian government has given its conditional approval to the sale of truck-maker Iveco IVG.MI to India's Tata Motors TAMO.NS, a parliamentary document showed on Friday. The decision was made on October 31, the document added. Tata Motors has agreed to buy Iveco in a deal valued at 3.8 billion euros ($4.36 billion), after the truck-maker separately agreed to sell its defence business to Italian state-backed defense group Leonardo LDOF.MI. (Reporting by Giuseppe Fonte, editing by Gavin Jones) ((giuseppe.fonte@thomsonreuters.com; +390680307711;))