Tata Motors raises its Iveco stake to 96.29% after acquiring additional shares worth €263.65 million and plans a legal squeeze-out for remaining shareholders.
Key points
- Tata Motors Crosses 95% Ownership in Iveco
- Legal Squeeze-Out Process for Remaining Shares
- Stronger Global Presence in Trucks and Buses
- Frequently Asked Questions
- 1. What is Tata Motors' latest stake in Iveco Group?
Tata Motors has increased its provisional shareholding in Italian commercial vehicle manufacturer Iveco Group to 96.29% following the completion of the reopened tender offer. The latest development moves Tata Motors closer to gaining full ownership of the European commercial vehicle company.
During the reopening period, shareholders tendered an additional 18.31 million Iveco shares, representing around 6.75% of its common share capital. These shares have an aggregate value of approximately €263.65 million at the revised offer price of €14.40 per share.
Tata Motors Crosses 95% Ownership in Iveco
Table of Contents
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1. Tata Motors Crosses 95% Ownership in Iveco |
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2. Legal Squeeze-Out Process for Remaining Shares |
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3. Stronger Global Presence in Trucks and Buses |
With the additional shares, Tata Motors' total holding through its wholly owned subsidiary TML CV Holdings B.V. has reached approximately 256.47 million shares. This represents 96.29% of Iveco's common share capital, excluding treasury shares.
The total holding includes 238.16 million shares, or 87.81%, received during the initial acceptance period. The latest provisional results were communicated following the completion of the reopening period of the tender offer.
The revised offer price was increased to €14.40 per share from the earlier €14.10. Payment for the additional shares tendered during the reopening period is scheduled for November 13, 2026. Final results are expected to be announced by November 12.
► Read More:Tata Motors Completes Initial Iveco Settlement, Secures 89.42% Stake
Legal Squeeze-Out Process for Remaining Shares
After crossing the 95% ownership threshold, Tata Motors plans to initiate a Dutch legal squeeze-out process for Iveco's remaining outstanding common shares. The process is subject to confirmation of the provisional results.
The company may also consider a demerger and share sale before starting the squeeze-out process. The final timeline and details of these steps will be communicated separately.
Iveco shares may also face suspension from trading or delisting from Borsa Italiana as the process moves forward. This would bring Tata Motors closer to completing its acquisition and taking full control of the European commercial vehicle business.
Stronger Global Presence in Trucks and Buses
The acquisition is an important step in Tata Motors' global commercial vehicle strategy. Iveco has an established presence in international trucks and buses markets, which can strengthen Tata Motors' product reach and global operations.
In India, customers can explore the company's Tata trucks, Tata buses and Tata mini trucks through different commercial vehicle categories.
The combination of Tata Motors and Iveco is expected to create a stronger commercial vehicle business with a wider international presence. The next steps in the squeeze-out process will determine how quickly Tata Motors moves towards complete ownership of Iveco.
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Frequently Asked Questions
1. What is Tata Motors' latest stake in Iveco Group?
Ans. Tata Motors has provisionally increased its stake in Iveco Group to 96.29%.
2. How many additional Iveco shares were tendered during the reopening period?
Ans. Shareholders tendered approximately 18.31 million additional shares.
3. What is the revised Iveco tender offer price?
Ans. The revised offer price is €14.40 per share.
4. Why is Tata Motors planning a squeeze-out process?
Ans. Tata Motors has crossed the 95% ownership threshold and plans to acquire the remaining outstanding shares of Iveco through a Dutch legal squeeze-out process.