Refile: Tata Motors tender for Italy's Iveco set for September 7 to October 26

Iveco NV

04/09/2026 11:09

Refiles to fix a typo in the headline
MILAN, Sept 4 (Reuters) - The tender offer by India's Tata Motors TAMO.AS for Italian truck and bus maker Iveco IVG.MI will run from September 7 to October 26, according to a statement published after Italian market regulator Consob approved the offer document.

Under certain conditions, the tender period will be extended for five further days, from November 2 to November 6, Iveco said in a statement late on Thursday, upon request of Tata Motors' TML CV Holdings vehicle.
Tata Motors last year agreed to buy Iveco's commercial vehicle business in a deal valued at €3.8 billion ($4.4 billion).
As part of the deal, Tata Motors agreed to offer €14.10 in cash for each Iveco share.
Tata's offer is backed by Iveco's largest shareholder Exor EXOR.AS, the holding company of Italy's Agnelli family, which owns a 27.1% stake in the Turin-based company.
Tata's takeover is part of a broader transaction under which Iveco previously sold its IDV defence business to Italy's State-backed defence group Leonardo LDOF.MI for €1.7 billion. 


($1 = 0.8604 euros)

 (Reporting by Giulio Piovaccari
Editing by Tomasz Janowski)
 ((giulio.piovaccari@thomsonreuters.com))