Italy’s market regulator approves Tata Motors unit’s offer to acquire Iveco common shares
Italian regulators have approved Tata Motors' offer to acquire Iveco Group, marking a significant step in the company's largest acquisition to date. The deal aims to integrate commercial vehicle operations across Europe, India, and Africa.
Why it matters
This acquisition represents a major expansion for Tata Motors, significantly increasing its global footprint in the commercial vehicle sector.
Italian market regulator CONSOB has given approval to the offer document of a Tata Motors Ltd step-down subsidiary for the acquisition of common shares of Italian truck maker Iveco Group NV for Euro 14.10 a share including dividend.
The voluntary offer will open on September 7, 2026 and will end on October 26, 2026, unless extended. If the legal formalities complete the offer will reopen for 5 days in early November 2026 as per an exchange filing.
With this the formalities of the acquisition is nearing completion.
The acquisition is being done by TML CV Holdings B.V, a wholly owned subsidiary of TML CV Holdings Pte. Ltd., which is a wholly owned subsidiary of Tata Motors Ltd.
In July 2025 the Tata Motors subsidiary had signed an agreement to acquire Iveco Group N.V. for ₹38,000 crore ($4.5 billion).
This will be Tata Motors’ biggest acquisition, once complete.
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