Iveco has closely coordinated Tata, Leonardo deals with Italian government
04/08/2025 13:35
MILAN, Aug 4 (Reuters) - Iveco IVG.MI has closely coordinated with the Italian government deals to sell its truck business to Tata Motors and its defence unit to Leonardo, a source with knowledge of the matter said on Monday. India's Tata Motors TAMO.NS last week agreed to buy Iveco in a deal valuing it at 3.8 billion euros, while the Italian truck and bus maker separately agreed to sell its IDV defence business to Leonardo LDOF.MI, giving it an enterprise value of 1.7 billion euros. (Reporting by Giulio Piovaccari, editing by Cristina Carlevaro) ((giulio.piovaccari@thomsonreuters.com))