Tata Motors set to acquire Italian truck maker Iveco for $4.5 billion in its biggest deal to date

Tata Motors is reportedly close to acquiring Italian truck maker Iveco from the Agnelli family for $4.5 billion, potentially the group's second-largest acquisition. Expected to be announced soon, the deal involves Tata buying Exor's stake and launching a tender offer for remaining shares, excluding Iveco's defense business. Iveco confirmed advanced talks, and its shares surged on the news.

from Auto-Industry-Economic Times https://ift.tt/zRGZQjk