Consob gives the go-ahead for Tata Motors’ takeover bid for Iveco

Consob has given the go-ahead for Tata Motors’ voluntary all-share public takeover bid for the ordinary shares of the Iveco Group. The bid, launched by TML CV Holdings, will commence on 7 September and close on 26 October. This has been announced by two companies involved in the transaction. The authorisation was the final step required for the transaction to go ahead.

The press release explains that, provided the legal conditions are met, the acceptance period will be reopened for five trading days following the payment date: that is, for the trading sessions from 2 to 6 November. The payment date will be 13 November, unless the acceptance period is extended. The publication and distribution arrangements for the offer document, containing a detailed description of the terms of the offer and the procedures for acceptance, will be the subject of a subsequent press release.

‘For any further information regarding the Offer, pending the publication of the offer document, insofar as not expressly stated otherwise, please refer to the notice dated 30 July 2025, by which TML CV HS notified Consob and announced to the market and the issuer its decision to launch the offer through the offeror, published, on behalf of TML CV HS, on the Tata Motors website at (www.tatamotors.com) and on the issuer’s website at (www.ivecogroup.com), which sets out the legal basis, the terms and the key elements of the Offer’, explains the press release.