Takeover bid for Iveco Group: Tata raises its offer by 0.3 euros

Iveco is also set for a relaunch. India’s Tata Motors has decided to raise the offer price for its voluntary all-share takeover bid for the Iveco Group from €14.1 to €14.4 per share, bringing it into line with yesterday’s closing price on the Milan Stock Exchange. Iveco Group immediately welcomed the increase in the offer price, expressing its approval in a statement issued shortly after the announcement was made this evening.

The increase of 0.3 euros, Tata Motors states in a press release, “constitutes its best and final determination of the consideration for the Offer” and “no further increases will be made”. The decision – the Indian group continues in its announcement of the revised offer – is linked to the “slight delay in the completion of the Offer”, due to the fact that the process of obtaining the necessary prior approvals “has taken longer in some jurisdictions than initially anticipated”. Tata reiterates, however, that it considers the previous offer price to have already represented “a full and fair valuation”.

The new price represents a premium of 6.77 per cent compared with the official price of the Iveco share on 29 July 2025 – the last trading day before the announcement of the transaction – and a premium of 33.47 per cent compared with 17 July 2025, the last day before rumours emerged of a possible takeover by Tata Motors. In the event of full acceptance, the maximum total outlay thus rises by 81.36 million to 3.906 billion euros. ‘All other terms and conditions of the offer remain unchanged,’ explains Tata Motors.

As mentioned, Iveco promptly welcomed this relaunch by Tata Motors. In a statement, the company explained that ‘the offer is supported by the Iveco Group’s board of directors, which has recommendedacceptance to the Company’s shareholders and has also recommended that they vote in favour of the resolutions relating to the Offer at the Extraordinary General Meeting convened for Friday 16 October 2026’.