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Tata Motors to buy Italy's Iveco

Reuters on MSN · 14h

India's Tata Motors to raise 1 billion euros in equity for Iveco deal

By Aditi Shah NEW DELHI (Reuters) -Tata Motors plans to raise about 1 billion euros ($1.14 billion) of equity to repay the loan funding its $4.5 billion offer to buy Iveco's trucks and bus business, the Indian automaker's chief financial officer said on Thursday.

Moneycontrol · 4h

Tata Motors targets €1 billion equity raise to repay Iveco acquisition debt in four years

The company is acquiring the commercial vehicle business of Iveco, excluding its defence business, through a voluntary tender offer at €14.1 per share, backed by bridge financing commitments from Morgan Stanley and MUFG.

Fleet News · 3h

Iveco acquired by Tata Motors for £3.3bn

JLR owner Tata Motors will acquire Italian truck manufacturer Iveco Group in a £3.3bn deal. Prior to the agreement, Iveco Group sold its defence division to Italian defence group Leonardo for £1.5bn.

Iveco, Leonardo and Italian defense

Bloomberg on MSN · 1d

Iveco to Break Up With Sale of Company to Tata, Leonardo

Iveco Group NV agreed to break itself up, selling its defense unit to Leonardo SpA and the rest of the Italian truck maker to Tata Motors Ltd in deals totaling about €5.5 billion ($6.3 billion).

MarketWatch · 1d

Leonardo to Buy Iveco's Defense Business for $1.96B

Italian truck maker Iveco and Italian defense and aerospace group Leonardo said Wednesday that the companies had signed a definitive agreement for the transaction, which confirms plans to break up Iveco's defense and civilian businesses.

Italy's Leonardo Says To Buy Iveco Defence For 1.7 Bn Euros

Italian defence and aerospace group Leonardo said Wednesday that it would acquire Iveco Defence, a division that makes armoured vehicles for military and civil use, for 1.7 billion euros ($1.95 billion).

Defense News on MSN17h

Leonardo’s buy of Iveco Defence Vehicles secures Italian armor stable

ROME — Italian defense giant Leonardo has agreed to buy Italy’s Iveco Defence Vehicles for €1.7 billion ($1.9 billion), ...

22h

Bigger than Jaguar Land Rover acquisition, Tata Motors to take over Italian auto giant Iveco

Tata Motors is closing in on a landmark $4.5 billion deal to acquire Italian truckmaker Iveco from the Agnelli family’s Exor.

16h

Iveco CEO: Tata will preserve jobs, industrial base after buyout

Tata Motors will retain Iveco’s industrial base and jobs, says CEO Olof Persson, calling the acquisition a smooth integration ...

17h

Secured bridge finance from Morgan Stanley, MUFG for Iveco buy: Tata Motors

Tata Motors on Wednesday said it will acquire Italian commercial vehicle maker Iveco Group, excluding its defence business, ...

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