Tata Motors has officially declared its takeover offer for Iveco Group N.V. unconditional after reaching an 89.42% shareholding stake through its indirect wholly-owned subsidiary, TML CV Holdings B.V. This major milestone brings the acquisition process closer to completion following the close of the voluntary tender offer on October 26, 2026.
Key Numbers and Transaction Terms
The corporate strategy behind this transaction involves specific financial parameters and acceptance thresholds that shaped the deal’s progression:
- Final shareholding reached 89.42% in Iveco Group common share capital, net of treasury shares.
- The revised minimum acceptance threshold was successfully satisfied at 80%, lowered from the original 95%.
- Total shares tendered during the acceptance period reached 238,157,212 common shares.
- The final offer price stands at EUR 14.40 per common share, incorporating a EUR 0.30 cash component added on October 9, 2026.
- Total value of the shares tendered amounts to approximately EUR 3,429,463,852.80.
Acquisition Timeline and Next Steps
The voluntary tender offer began on September 7, 2026, and concluded on October 26, 2026, with coordination handled by BNP Paribas. Payment for the shares tendered during this initial acceptance period is officially scheduled for October 30, 2026.
Reopening Period for Remaining Shareholders
Shareholders who did not participate in the initial round will have another opportunity to tender their shares. A reopening of the acceptance period is scheduled for November 2 to November 6, 2026.