Tata Motors acquires Iveco Group in $4.32 billion deal

Tata Motors completed the initial settlement of a voluntary tender offer, acquiring 238,157,212 common shares representing approximately 89.42% of Iveco Group’s common share capital.

The acquisition is valued at approximately $4.32 billion, with shares purchased at a cash price of €14.40 per share, inclusive of dividends.

Tata Group Chairman N. Chandrasekaran has been appointed Chairperson and Senior Non-Executive Director of Iveco Group N.V. following the change in board composition.