Tata Motors set to hold 89.42% of Iveco after tender offer closes
Tata Motors is on track to secure 89.42% of Iveco Group, according to provisional results. The offer reopens in November for five trading days.
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what happened
According to Moody's, Tata Motors, through its subsidiary TML CV Holdings B.V., is set to hold 89.42% of Italian commercial vehicle maker Iveco Group on provisional results after the tender offer closed on October 26. Shareholders tendered about 87.81% of the common share capital, or 23,81,57,212 shares, worth roughly 3.43 billion euros at 14.40 euros per share. The final figure remains subject to confirmation.
The original requirement was acceptances covering at least 95% of capital, but shareholders approved lowering the threshold to 80% at an extraordinary meeting on October 16, and Tata Motors said that condition has been met. Holders who did not tender earlier can sell from November 2 to November 6, with payment due November 13.
why it matters
The final stake will decide how Tata Motors removes the remaining shares: above 95% it plans a Dutch squeeze-out, and between 80% and 95% a post-offer demerger and liquidation. The company also plans to delist Iveco from Euronext Milan.
market impact
Iveco Group: the offer outcome sets the path to delisting and a new ownership structure
tags
instruments
sources
- Tata Motors To Hold 89.42% Stake In Iveco After Tender Offer Secures 87.81% Share Capital — Moody's, 27 October 2026 at 13:42 UTC
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