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India's Tata Motors will buy Iveco in a deal valued at 3.8 billion euros ($4.36 billion), the companies said on Wednesday, after the Italian truckmaker separately agreed to sell its defence ...
Shares in Iveco dropped as much as 6% on the Milan bourse in early market trade after the Italian truck maker sold its defence business to Leonardo and the rest of the company to India's Tata Motors .
Tata Motors is reportedly on the verge of acquiring Italian truck manufacturer Iveco from the Agnelli family for $4.5 billion, marking the Tata Group's second-largest acquisition after Corus. The ...
Tata Motors acquires Iveco Group for $4.5 billion, creating a global commercial vehicle powerhouse with combined revenue of ₹2,20,000 crore.
Iveco Group NV confirmed it is planning to break up the company, saying it is in advanced discussions to sell its defense unit and the commercial truck manufacturing operations to separate buyers.
Italian truck maker Iveco IVG 0.14% Group agreed to sell its commercial vehicles unit to Tata Motors 500570 -2.60% and its defense business to Leonardo LDO -2.54%, in deals worth 3.8 billion euros ...
Leonardo and the Iveco Group announced in separate press releases on 30 July that they had signed an agreement for Leonardo to take over Iveco Defence for EUR1.7 billion ...
Acquiring Iveco’s truck operations would give Tata a toehold in Europe’s commercial-vehicle industry.
The acquisition of Iveco will significantly improve Tata Motors' position in multiple European markets.
Iveco Group Defence Business: Iveco Defence Vehicles (IDV) and ASTRA are leading providers of military mobility, protection capability, uncrewed applications and purpose-built vehicles, with a ...
Tata Motors is in negotiations to acquire Italian truck maker Iveco for $4.5bn, reported The Economic Times (ET).
By Cristina Gallardo Italian truck maker Iveco Group agreed to sell its commercial vehicles unit to Tata Motors and its defense business to Leonardo, in deals worth 3.8 billion euros ($4.39 ...