Tata Motors reaches 89.42% shareholding in Iveco, satisfying takeover threshold

Tata Motors has reached a provisional shareholding of 89.42% of Iveco Group's common share capital, net of treasury shares, following tender of shares by a majority of shareholders. This satisfies the threshold condition for Tata's proposed takeover of the Italian manufacturer, valued at approximately €3.905 billion ($4.36 billion) at €14.40 per share.

Detected & updated continuously · Source: Nebula