Iveco Group Shareholders Approve Tata Motors Buyout Offer

Shareholders of Italian truck and bus manufacturer Iveco Group NV (MIL:IVG) approved all board resolutions regarding the buyout offer from Indian automaker Tata Motors. At an extraordinary general meeting in Amsterdam, investors backed the voluntary public tender offer conducted through TML CV Holdings, marking a crucial milestone for the acquisition. The vote followed Tata Motors raising its offer price from 14.10 to a final 14.40 per share on October 9.

The deal, first announced in July 2025, values Iveco Group's commercial vehicle business at 3.8 billion. As part of the arrangement, Tata Motors will acquire the 27.06% stake held by holding company Exor. The transaction excludes Iveco Group's defence unit, which is being sold separately to Italian defence contractor Leonardo. The shareholder approvals pave the way for Iveco Group to amend its articles of association, delist from public trading, and eventually convert into a private limited liability company.

Investors should monitor the end of the tender offer period, which is scheduled to close on October 26. If Tata Motors secures roughly 80% of Iveco Group's ordinary shares, it can proceed with a proposed post-offer demerger, subsequent share sale, and corporate restructuring. The market will also track the final settlement of the transaction, which will trigger the appointment of new board members.